the receipt of
the Report
17
Evidence
of the
freal im
which has bee
affoinsed
th
5.0) 5. feels that it
I forbably be bette
to lake no
actin
sreps
to investigate the
problem here
the
hal
that
o
Scon
results of
W
the local Chy's work
becomes available
he will confully.
consicher
how best
to seeme
the most competent
advice
what if my
actin is
Th
desumible
for
a
Currency
system
reory anus ation
Hong Kong
Alam
the
BAG'
despatch o
ん
tvelos me
The Treasu
THE LA
and at the alon
oflrang dooms.
5650 4
LFF.
All Gant 75/70
I agree as to the action proposed. It would be
particularly desirable to have the views of the
Treasury.
2. I note briefly as to the main points
involved.
(a) Despite the Kemmerer report, informed
opinion does not appear to consider that China is
in the least likely to adopt the gold standard
in the near future. She is wholly disorganised
at present; she has no money; she has but little