CO537-(1262-1649) — Page 303

eme

N

Ref.:

CO 537/1374

THE NATIONAL ARCHIVES

2

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

is given in the

00088

OUTWARD TELEGRAM

24

87

18.45 turS

15488/17/46

Cypher (0.T. P.)

TO HONG KONG (Sir M. Young)

FROL S. OF S. COLONJES

1945.

Rent 23rd August,

No. 784 2ecret,

2

cms

Ref.:

THE NATIONAL ARCHIVES

CO 537/1374

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

Your telegram Fo, 834,

Debtor creditor relationships.

liy telegramı No. 637 my, repeat may, be discussed with Morse and I ghould be grateful if you would do po..

As zagaria scale of ravulustion in respect

23

of capital payments paragraph 7. of my telogrma No. 687 rufers. 'I am not sure whet 14 menni by your eagɛpation that coals should be based on purely nomineï valve of yen. Underlying intention of twy proposal, la that scale should be the fairest to both sideo in relazion to particulcó category of transactions affented, If it can ba asrume thet most cepital ropeyments were mads to take advantage of the special circumstances this would justify a scale less favourable to Japanese currency than the dosle applicable to outstanding debtɛ. Appropriate roalds must be escentially a matter for local decision but I slutll be glad to know What scales you would we likely to quapest ir revaluation scheme is adopted,

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