1
A.3. Phelps Joy
whence
19. 10. 51
2
5316
56r8:
$201.
The opening of a Jap bank in Hill. has been
mentimet in
recent ecmanic report.
Pl. attach
relevant pps
recire
J-J. Anderm 1/11
2
H.K. Juade Commissioner extract
3 10 SI
'
I fear that these Aps have been delayed
?
as in d. h.
J.J. Andorm.
9/u
Mr Melmoth,
I mentioned this gap Bank business to you the other day & you
said the Taps would have to obtain permission to
opin
Lucha Bark
any official
in H. Korg. do for as I can trace we have not reccund
H.Kory.
information" for the H.K fout on this subject.
M2 Hall,
If the Japanese propose to open new bank it will be necessary for them
له
a
reason).
10/1
apply for
banking blence under the farking Ord" No 2 ff. 1948 (under which the PS. has power I should k refuse without giving have thought, however, that until the Iup Peace Treaty is ratified by that, permissions would
unless it was
part of the bargains when the Starling bayment Agreement (which satends to Hong Kong now) that there should be sliprocal banking facilities.
have to be requesteding
2 there are
howered
o hew
numerous small Chinese banks which might to prepared to sell out
is to make application for to the Japanese, so heense unnecessary; and I imagine it would. be possible for a tap bank to be set up by, ostensibly,
of the established banks its agent or appointing Correspondent.
Its
Melmed. 2/~