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In view of the complications of banking business and

circumstances in Hong Kong, and the peculiar

international relations of the Colony, it seems to

me essential that the same rule should be adopted

there, and I regard the selection of a suitably

qualified Examiner as a matter of the first importance

in the application of this legislation.

I shall be glad to learn, in the light of

the above suggestions, what recommendations you

would wish to make as to terms of service and the

precise scope of the Examiner's duties and

responsibilities.

I have

(Sgd.) MALCOLM MacDONALD

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