RECEIVED
25FEB 1930
FFICE
CR
72796/301
2
122
4, MILLBANK,
WESTMINSTER
LONDON, S. W. 1.
(VICTORIA 7730)
24th February 1930.
My dear Vernon,
Last Friday I happened to see Sir Newton Stabb,
Manager of the Hong Kong and Shanghai Bank, and I questioned
him about the Hong Kong currency. He expressed the opinions
(1) that the present currency system of the Colony is
not a sound one and is damaging to the Colony's
interests;
(2) that it is urgently necessary, and should be possible,
to find a satisfactory solution, to the present
difficulties;
(3) that an expert committee ought to be sent out from
England to find such a solution.
These views, which were entirely his own, coincide
exactly, as you will remember, with those which I expressed
to you after the last Palestine Currency Board meeting a week
ago.
"The heathen Chinee is peculiar", and for that reason
alone I feel that no doctrinaire solution should be attempted
R.V.Vernon, Esq., C.B.
e
باسيل
without/