00142
139
n that matter, it is understood that the Bank's ɔw legal advisers have advised that the nɔtes vere nɔt sɔ lawfully issued, but it would no doubt be agreed that the issue oɔuld only be settled finally by action in the courts.
2.
The present position with regard to these notes is, therefore, one of public uncertainty as tɔ their future treatment and ɔwing, among other things, to the fact that osunterfeitere have found it passible tɔ alter the numbers of the notes in question sɔ as tɔ mate them indistinguishable by the ordinary public from notes of series whole genuineness is unquestioned, doubt is being cast on the whole of the bank' 's issue, at least ɔf denɔminations higher then ‘19. It is gener: 11y agreed that it is a matter of urgent importance to remove those doubts.
3.
Saving regard to the general ef: ects on the prestige both of the fan; itself and of the Colon, and on the general public faith in the currency as a whole of a complete repudiatiɔn of these notes, and the virtual impracticability of any intermediate oŋurse, vr. "all believes that it in on balance desirable that they should be recognised completely and that my necessary steps to remove dɔubts as tɔ their legal tender status should be taken. Re understands that that view ie in principle shared by the Bank,
/Fuch
1
cms
THE NATIONAL ARCHIVES
2
Ins
Ref.:
CO 537/1369 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
!