1
}
00 109
the Japanese currency instead of
depositing it with a bank and a man
who deposited it for safe keeping with
a bank. This proposal should of itself
improve the position of banks other than
•OF THOSE these zhich were liquidated and which no, repeat no, deposits were placed during
the Japanese occupation.
in
3. The modification would not however
affect the objections to my original
After proposals, made in C.A.3366. discussion of these with Macdougall
I am afraid I still feel that it would
be difficult to accept the revisions
proposed in your telegrams referred to
above.
presumably.
4. So far as the difficulty of constructing
a sliding scale is concerned, I appreciate
that any scale would have to be arbitrary.
I do not however t.ink that this is itself
a fundamental objection to the scheme.
Provided it is agreed that it is inequitable
to place the whole of the loss on either the
debtor or creditor in the case of repayments
of capital sums not due some scale is better
than no scale at all. I should not see objection
to having one scale, to apply to repayments of
capital Bume and another applying to outstanding
occupation debts,
As regards your proposal
SAB
Lquidator
that all payments to the liquidator would be invalid since the latter cannot be regarded as authorised agents of the liquidated bank the latter point was of course fully appreciated
when I made my orginal proposals.
The case for
partly validating repayments of overdrafts or
paymonto-desmed capital sums ests however on
رعية الشاقة
the need to preserve some kind of equity
[NP
/between
108
1
2
Ref.:
CO 537/1374
THE NATIONAL ARCHIVES
Ins
N
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