CO537-(1262-1649) — Page 177

THE NATIONAL ARCHIVES

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Please note that this copy is supplied s

CO 537/1369

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restrictions. Further information is the National Archives' terms and conditions and that your use of it may be subject to copyright

given in the enclosed Terms and Conditions of supply of National Archives' leaflet.

00 141

16117/3/46.

ers nal and confidential.

KEEXTILIEI Dover Hour, hitehall,

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28th ebrier, 1946.

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CO 537/1369

THE NATIONAL ARCHIVES

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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

sir,

infor

I am directed by wr. Secretary "all to

u that he hùa had under cɔnsideration tře position created by the issue at the instance of the Japonese authorities in Hong ong during the occupation of that · olɔng of certain previously un-iroued notes of the long and and than shai onkin Corporation, tɔ a tɔtal value of 1119,200,000.

It will be recalled that when information was received of the irregular lasue of these notes a warning was issued through banking channels in china that the notes sight not in due course be accepted by thɔse responsible in ong ang and that subsequently, on the liberation of the colɔay, a proclamation issued under the authɔrity of the military administration which re-established the legal tender position of notes lawfully isrued by the note issuin, banks of the Colony mañe an exception in respect of the high đeno instiɔn nɔtes in the ortegory under consideration here, which the proclamatiɔn announced mulinɔt be accepted by the militar, administration.

It should be nɔted, however, that this proclamation 414 nɔt purport tɔ fecike the question whether or not the notes are in due o urae tɔ be regarded as Lavind been legally issued by or on behalf of the Bank,

YR I DA..

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