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8
RECEIVED
31 AUG 1927
COL.OFFICE
4, MILLBANK,
WESTMINSTER,
LONDON, S. W. 1.
30th August 1927.
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Dear Ellis,
HONG KONG CURRENCY.
I have not been able to reply earlier to your
note of 16th August, as I have been away on a short
holiday.
The reply from the Hong Kong and Shanghai Bank
seems to me very unsatisfactory, and does not convince me
of the necessity for any separation in the values of the
note and the dollar. I still think that the present
system is neither sound nor safe, and that the position,
though no doubt difficult, ought to be remediable.
Would it not be worth while to have it investigated by a
small independent committee?
I am choked up at the moment with work left
over for me, but I hope to look in and see you in a
few days.
W.D.Ellis, Esq.C.M.G.
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Yours sincerely,
Phechees
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Sir C. Strache.
Sir J. Shucburgh.
Sir G. Ghindle.
Sir C. Davis.
Sir Wilson.
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Earl of Clarendon.
Mr. Amery.
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N CONFIDENTIAL.
30148
RECEIV
$1 JUL.192/
COL, OFF
4
7 10
GOVERNMENT HOUSE,
HONGKONG. 10th June, 1927.
Sir,
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4/15. 16 aug 27
I have the honour to acknowledge the
receipt of your confidential despatch of 14th April, 1927, on the subject of the premium on Bank Notes as compared with silver dollars in Hong Kong.
2.
The Honourable Mr. A.C. Hynes, Acting
Manager of the Hong Kong and Shanghai Banking Corporation, has been requested by the Colonial Treasurer to furnish a memorandum on this very complicated and technical matter. A copy of his reply is enclosed.
3
I support Mr. Hynes' suggestion that,
if further information is required, reference should
be made to Sir Newton Stabb or Mr. A.H. Barlow, both
of whom have great experience of local conditions. Communication with these gentlemen can be established through the London office of the Hong Kong and Shanghai Banking Corporation at 9 Gracechurch Street E.C.
I have the honour to be,
Sir,
Your most obedient, humble servant,
THE RIGHT HONOURABLE
LIEUTENANT COLONEL L.C.M.S. AMERY, M.P.,
&C.,
&c.,
&c.
Governor, &c.
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