3
mi certâni cases,
107 Co-operative Credit Banks/Societies
ordinances arreer to imply the existence of
such banks or societies and as far as I em
aware those institutions do not exist in Hong
Kong. All the came the lexislation on the
subject may be useful if the creation of such
banks or socictics is mert of the bishop's
scheme of robahilitation.
I am unable to attech objects and reasons
for the above ordinances as these are not
filed in Library.
I fear it will be necessary
to get out the nn.
I. H. Exampson 205
14.4.38
am very grateful for In Thompson's researcher of
The question raised by the Bishop of
Hong Kong is a difficult one, and I am not sure
that any of the legislation mentioned in
Mr. Thompson's minute will be really suitable,
since in nearly all cases the schemes for the
relief of agricultural indebtedness in the
Colonies, with which we are concerned, depend
+-- upon legislation and | Government sanction for
compulsory adjudication of debts. In
particular, the Zanzibar precedent, which I
have discussed with Mr. McDougall, is not of
very much use since it depends upon the
compulsory adjudication of debts by the Courts
x and the taking over by Government at fixed
rates of interest. The St. Vincent and
British Guiana legislation is perhaps more
useful since I think that agricultural credit
societies