Telephone No.: VICTORIA 1234.
Any reply to this letter should be addressed to--
NATIONAL
SCHEME
ED MEN⋅
CISABLED
THE SECRETARY,
TREASURY,
WHITEHALL, LONDON, S.W. 1,
and the following number quoted:
F.2866/2.
Sir,
Se
62821
TREASURY CHAMBERS.
Ч
48
20 April, 1929.
5
I have laid before the Lords Commissioners of
His Majesty's Treasury Mr. Ellis' letter of the 11th
instant (62821/29) transmitting copy of a despatch from
the Governor of Hong Kong forwarding copies of a draft
Bill to extend the note issuing power of the Mercantile
Bank of India, Limited, up to the 12th July 1939.
In reply I am to request you to inform
Mr. Secretary Amery that My Lords nave no objection to
the introduction into the Colonial Legislature of the bill
as drafted.
I am however to suggest that it should be
made a condition precedent to the passing of the Bill that
the Mercantile Bank of India should give an undertaking,
as the Hong Kong and Shanghai Banking Corporation have
already done, that no amalgamation scheme (including the
purchase of shares or any joint working or profit sharing
The Under Secretary of State,
Colonial Office.
arrangement