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2
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Ref.:
CO 537/1369
THE NATIONAL ARCHIVES
Ins
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00045
If & Emanuel
4) RIL
Dear Cockburn,
Colonial Office, 7
/
Dover House,
whitehall, S.m.1.
27th August, 1946.
44
Thank you for your letter of the 26th August. I do not think w can advise the Hong Kong Government to take any official action to settle the question of outstanding balances between the banks until they are in a position to move on the whole debtor-creditor problem. On that we are in urgent communication with the Governor and do very fully realise how important a quick settlement 18.
I note also your protest regarding the action of the Hong Kong Bank with regard to old accounts. No doubt it would have been better for them to have proceeded in consort with the other banke, but it would be very difficult for government to intervene to prevent a single bank recognising these old obliga- tions if it is prepared to do so in advance of a genral settlement.
Yours sincerely,
(S. Caine.)
W.R. COCKBURN, ES..
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
cms
2
Ref.:
CO 537/1369
THE NATIONAL ARCHIVES
restrictions. Further information is given in the enclosed Terms and Conditions of supply of National Archives' leaflet.
Please note that this copy is supplied subject to the National Archives' terms and conditions and that your use of it may be subject to copyright