20
(f)
It is probable that any sound solution
will prove expensive. The facts as to the circul-
ation of the notes outside Hong Kong are not
known; nor, apparently, are the conditions
which might lead to a flow back of notes for
encashment. Further, there are no sound silver
securities in which part of the note cover could
be invested. To invest in gold securities would
be to gamble on the gold price of silver, except to
the extent to which it could be safely assumed
that an irreducible minimum circulation would
always exist. And the large circulation in
China itself would clearly render a positive
opinion on that point difficult and dubious.
The 15-5-30.
As propond
15/4/30
Myyr 3.5.17.5.20
Benafshat.
Mar
Jafree.
8.4.6
abonce
20.5.30-
As comson of HKC currency counof-
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