CO129-629-14 Financial Transactions — Page 30

some more equitable solution to the matter than simply allowing the cheques to be presented for payment should be sought that the Order to which you refer was made by the Govenment of Stong Kong. The Qnder probabited with

alia deatings during

both issuers

in

cheques

const issued

intermament and required that

and holders should inform Government of the details of such cheques and that the holders should deposit them with Government. After dealings in these cheques has been effectively stopped by

of the

Considuation was

Corder

very careful

both in Hory

question

given, both in

the issue

Kong of finding an

and in thi

means of legislation

with these

Office,

to the

equitable way of dealing transactions, whether by

ov

other wise.

30

The conclusion was eventually

reached that it would

for Government to

be

andes cable

attempt to intervene

main

by legislation in such personal transactions of ex-internees. The [reasons for [then

conclusion were; -

reaching

(i) the fact that the buck of

The cheques were

The United Kingdom

drawn on banks in

and that there

was no certainty that legislation in

Hong Kong could be so

could be so devised

/ as to

Page 30Page 31