Enclosure No. 2.
30
Copy.
HONG KONG & SHANGHAI BANKING CORPORATION.
The Honourable
The Colonial Treasurer,
Hong Kong.
sir,
Hong Kong, 17th October, 1927.
HONG KONG AND SHANGHAI BANKING CORPORATION
NOTE ISSUE.
I beg to acknowledge receipt of your letter
of 5th October, and in reply to same have the honour to
state that the suggestions made by His Majesty's Treasury
will entirely meet with this Bank's requirements.
The most convenient point for export from
America to Hong Kong is San Francisco, and I am accordingly
writing to the Manager of our office at that port to enquire the best form of procedure for lodging the gold
when required.
I confirm that the power to earmark gold in
America will only be utilised to meet seasonal and temporary
fluctuations of our Note Issue.
I have, &c.,
(Sd.) A. C. Hynes,
Chief Manager.
Page 30Page 31
Copy.