Mr. Beckett 4

Mr.

Ellis 11/144 Hor.

Mr.

Mr. E. J. Harding.

Sir C. Strachef.

Sir J. Shuckburgh.

Sir G. Grindle.

Sir C. Davis.

Sir S/ Wilson.

Mr. Ormsby-Gore.

Earl of Clarendon.

Amery.

2 DRAFTS

P.H.EZECHIEL, ESQ., C.M.G.

30148/27

Mr. Ellis's signature.

Dear Ezechiel,

Downing Street,

19

2.

14 April, 1927.

Godz

The question which Gubbay has

raised about the premium on bank notes

on Hong Kong certainly seems worth

looking into, and we are accordingly

asking the Governor of Hong Kong for a

memorandum on the subject, with his

detailed observations on Mr. Hopkins's

memorandum.

I am afraid we have nowhere

available anything in a handly form

explaining the Hong Kong currency

system which I could either send you or

refer you to.

If Mr. Gubbay would care to come

here and have a talk about the situation

in Hong Kong after Easter, I should be

NP

glad to see him

You may perhaps be

aware that there is a prospect of the P.

and 0. Bank coming to an arrangement with,

or possibly being absorbed by, the

Chartered

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