է

exchange countines

is

ecupied Hauptray cerrency is an a

to imports from stil

basis, and I think that past expuine

shows that

England,

much as

will not for the line

being

recent as

they would get winds the scheme

propesid by the Hong Kong govemment, but the a trawas in the market in awraggs offices, what: wife huis sometimes in means an increase in the cast of all Expland and raunchines in Hey Kap, will

of schwer commcribes, and

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prefer the

genhal rise in the off

¡ . masend benefit of

the sliding scale to the sollars. Cumforay remittance pristique.

of luring

as expurs in terms of sollars.

The shining scale, which was any!!

in 1920, has been remarkably succenfet, and

venture to suggest that it should now be

Yours sincered

Alb

letcher

152

adapted to meet-

Ethe

fall of the

Jollen below the

I lehuiry the cop is of the driporch and

C'

Ciginal limit qf2/6. This is the logical.

Weber um

which

you lent we

and it has the ment-that- i- bengits all is

without Iisanimations.

It is true that

who at the present line had their familis

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