27
intervene by legislation in such personal transactions of ex-internees. The main reasons for reaching this conclusion were:-
(i)
(ii)
the fear at the back of the cheque desk here (rates on banks in the United Kingdom and first there was no certainty that legislation in Hong Kong could be so devised as to rule out the possibility of a successful action in the courts in this country to recover the full value of such cheques;
the very individual nature of the transactions
and the manifest impossibility of ensuring by legislation fair treatment to all concerned, particularly if such legislation took the form of imposing revaluation of currency.
Simple
The alternative solution agreed upon and adopted was that all the cheques should be returned, together with a note (copy enclosed) pointing out the artificial atmosphere and conditions under which they were issued, suggesting that the debts might be settled by smaller amounts than those for which the cheques were drawn and expressing the hope that in discussing an amicable basis for settlement the conditions referred to would be borne in mind. The note went on to suggest that in case of difficulties in finding an amicable basis for settlement the Hong Kong Government should be approached, when consideration would be given to the setting up of a small arbitration board to discuss difficulties and to
recommend
27
intervene by legislation in such personal transactions of ex-internees. The main reasons for reaching this conclusion were:-
(i)
(ii)
the foot at the cuik o. the che, des kere (rata on beaks in the united kingdom and Wirst there waɛ no certuing that legislation in hong kong coulu be so devised as to rule out the possibility of a successful actiun in the courts in this country to recover the full value ci such cheques;
the very individuel nature of the transactions
and the maliting inpossibility of ensuring by legislation tair treatment to all concerned, particularly if such legislation toos the form of apoing revaluation of currency.
Simple
The alternative solution agreed upon and adopted was that all the che ues should be returned, together with a note (copy enclosed) pointing out the artilicial stuosphere and conditions under which they sero icjued, sug Puting tast the debts aight be settled by smaller amounts than those for suich the cha ues were crash and eaprosciop the huge Giót in discussing an agicable basis for settlement the conditions referred to rould be borne in ainë. The not. went on to suggest that in case of difficulties in finding an amicable basia for settlement the Hong Kong Government should be approached, when consideration would be given to the setting up of a small arbitration board to discuss difficulties and to
reco.amend
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