8
101
Decode. Mr. Ingram (Peking)
9
1st September, 1932.
2nd September, 1932.
D. 11.36 a.m.
R. 9.30 a.m.
2nd September, 1932.
NO DISTRIBUTION.
No. 615. (R).
My telegram No. 604.
Mr. Holman reports that having once again used all
arguments employed for last four weeks in conversation with
member of Waichalopu he is convinced that Chinese Government
will not agree to further postponement of enforcement of
regulations and that we have extracted all the modifications
possible. He feels that we should now go as far as we can
to co-operate and prevent unnecessary obstructions to trade.
I agree generally with these views.
2. He is informed that a three months' period of grace
is being granted and that minimum value of dollars 200 will
be equal to 110 gold units for purposes of conversion into
foreign currency. Chinese idea is that rate of exchange
should be altered whenever required on instructions from
Chinese Government and not at fixed periods either monthly
or quarterly.
3. Waichiaopu are pressing strongly for our views on
establishment of a Chinese Consular post at Hongkong and are apparently receiving numerous enquiries from merchants.
In view of possible inconvenience to Hongkong trade through uncertainty as to working of regulations at Chinese ports of entry and absence of any officer at Hongkong in a position to give necessary invoices I am instructing Mr. Holman in view of terms of your telegram No.186 to make suggestion to Waichiao pu contained in my telegram No.583.
Addressed to the Foreign Office No.615, repeated to Mission and Commercial Counsellor Hongkong.
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