Hong Kong can be obtained for
sterling in London.
[The best method
of giving effect to this will probably
be to take for each transaction the
me an of the published selling rate
of the day and the buying rate (which
since December 1931 has been certified
for each day by the H.K. and S. Banking
Corporation), but this also is a question
which the local Government and the
Treasury Chest officer might discuss with advantage.]
In reference to the general
subject matter of this letter, Sir
Philip Cunliffe Lister may be interested
to see the attached table of aums
raised by the Treasury Chest Officers
in Ceylon, Bermuda, and Jamaica from
the Colonial Governments during the
last financial year, and to recall
the origin of the Ceylon arrangement
(correspondence enclosed with
Colonial Office letter 10633/17 of
the 2nd March 1917), in circumstances
somewhat similar to those at Hong Kong.
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