5

months the Shanghai rate has, according to the

information furnished to us, varied almost as

widely and as violently as the London rate).

I think Mr. Waley would be interested

in Mr. Young's letters from a currency point

of view, and we might send copies to him.

S. Camil

111. 1935.

and coins lo sufiger kill also

with cohes

C

As

a velation

squekiel

regards the desirutally of

dotin bing kept in

Shushan, it is

not

I think

dive to any

for the

exchange speculations of

sprawling enterprises like Wing On

Prot

rather

10

this

Leed

manitain

the competition powns of

the Demmine

industris & services if

Hong Kong against

thon of

Chinese ports business centres.

El Gout.

12-11

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