7
X
(51234/28)
+SS gruft for 3
years (33 on same fate)
Ith two separate arrangements which
affear to be confused :-
( ) Para 2. refers to the new
system
of pooling floating balances in the
hands
the Crown Agents. The
of the
system was outlined in are.
desp. of 26th July 1928, has
been accepted by H.K. (25 on 51328/28), and was put into
force on the 15th Abort 1929.
while a
Colony has a
defosit in the pool it is in
the position of a shave holder
in an investment trust and is not concerned with day-to-day realizations of in vest uncuts made by the Pook. Deposits
aredesen repay able
at call
•
When the
the
defor it is refaid, if
exchange
has
fallen in
the meanwhile, there is of course
a dollar "profit"; but I am