THE NATIONAL ARCHIVES
00115
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CO 537/1369
THE NATIONAL ARCHIVES
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17
Fround on
My take on
PRIVATE A CONFIDENTIAL
y dear Caine,
pload u/s 15
9, GRACECHURCH STREET,.
LONDON,
March 4th, 1943.
29
112
I have your letter of 2 th February, Reference: 15117/2/46, enclosing an official letter concerning the Hongkong 'Duress' Notes, and I note that the proposals made are necessarily subject to the final concurrence of the Hongkong Government and that you have sent an official let er to MacDougall.
I have not telegraphed Fenwick in the matter, ut
you have kindly forwarded a letter to him.
I agree that there is no great hurry to deal with the necessary legislation to implement the proposals
e have agreed upon.
our
With reard to the final paragraph of let.er,
it is unoitun tely only too true that the Bank must suffer very sub. tential losses hich we can onl recoup out of pro its over a long ten of years.
hope to
i oo not think you need have any worry on the
score of the Bank paying any.liin.
in the near future.
Sut a very modet dividend
Yours sincerely,
.Caine, Esq., C.M.G., Colonial Office,
Dover House,
WHITEHALL,s.#.1.
Qe