1925
Treasury
DATE
21 October
CO
47500
RECE
(REU 21 OCT 25-
241
As regards the detailed proposals of the Governor for financing the Native Banks, My Lords take no objection to the suggestions for the increase of the note issues of the Hong Kong and Shanghai Bank and the Chartered Bank but They consider that, in as.nuch as the failure of the Native Banks would be a matter of serious concern to the
the Hong Kong and Shanghai Bank and the Chartered Bank, latter might be expected to bear at least one third of the risks involved. Such an arrangement would moreover rive
these Banks a direct interest in the management of the
debts taken over by them.
I am,
Sir,
Your obedient Servant,
ыл
FOR CIRCULATION-
Mr.
Mr.
Mr.
X Asst. U.S. of S.
Perm1 U.S. of S.
Part 0.8. of 8.
Secretary of State.
Previous Paper
906
900/45928.
Care.
Imancial conditionis
Regrets inability to agree
to Parliament being asked to pass,
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26/10/2
Subsequent Paper Sor
49926
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