RICK
Ne Confidential (2)
THE RIGHT HONOURABLE
72796
40
GOVERNMENT HOUSE,
HONG KONG. 19th August, 1930.
My Lord,
With reference to the concluding pera_raph
of my confidential despatch of the 23rd of July, 1930,
I have the honour to inform Your Lordship that, after
consultation with the Currency Committee, I have come
to the conclusion that, apart from the memorandum of Mr. Waddington, No.9.on page 41 of the Report and
r. Ferguson's letter No. 10 on page 48, there is no
great objection to the publication of the memoranda and evidence though it may lead to useless criticism
locally, more especially of the Hong Kong and Shanghai
Banking Corporation.
2. If, therefore, you should decide it
desirable to nublish the memoranda and evidence I
recommend that r. Waddington's memorandum and Mr. Ferguson's letter in reply be withheld from publication. They were written prior to the
formation of the Commission and the Acting Manager of
the PC Banking Corporation, of which Mr. Maddington was manager when he wrote his memorandum, h in fact expressed a wish that they be withheld.
I have the honour to be,
My lord,
Your Lordship's most obedient, humble servant,
JORD PASSTIELD,
Governor ac.
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