2.
29
Kong Government and crossed either 'Hong Kong and
Shanghai Banking Corporation' or 'Chartered Bank
of India, etc.' as the case may be".
4.
I therefore asked the Government if I
could be informed what arrangements had been made
with the Banks. I enclose a copy of my letter (A).
My letter was referred to the Treasurer
who minuted as follows :
"Hon. C.S.
"
The sum of $13,860,000 being $14,000,000
"@ 99% was credited in my Cash Book and Bank
"Pass Book on 14th July, 1934".
This minute was sent to me by the Colonial
Secretary "To See", this being the first occasion on
which the file was referred to this Department.
5. I then addressed a further minute to the
Colonial Secretary and enclose a copy (B).
This also was referred to the Treasurer
who minuted :
"I am satisfied.
"by 25% Cash".
Applications were accompanied
The Treasurer's minute was passed to the
Colonial Secretary with the covering note "Let this
rest as the Colonial Treasurer is satisfied", and
to this the Colonial Secretary assented.
6. Thus though the applications far exceeded
the amount of the issue no account has been submitted
for audit of the money received with these applications.
I am still ignorant of what arrangements were made
with the Banks and my question whether any onus
lies