CO537-(1262-1649) — Page 37

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4

The meeting referred to

numuks

MA

Mereding

was cancelled Carl Came

CA

sick(same).

Was himself about

2 now arrange meeting.

merj

तेह

12

4

1

Ref.:

Please note that this copy is

restrictions.

Fu

Mr. Caine.

I attach for your consideration record of the discussion with the representatives of the Hong Kong and Shanghai' Bank yesterday and also a draft letter for your signature to Sir David Waley consulting him on the proposal that part of the Bank's share of the loss might be met by increasing the Bank's fiduciary issue. There is no need to consult him specially on the other part of your proposal, that the Bank's overall ceiling of liability should be limited to 50%, since he has already given us discre- tion to come to an agreement on terms not less favourable to the Bank than that.

7.56.

6.2.46.

Further information

THE NATIONAL ARCHIVES

CO 537/1369

Conditions and that your use of it may be subject to copynight

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

5. Mr.

6. Y. Morse

า

on to wally

7.2.46.

my.2,56.

I need not write at length to Sir David Waley, as I mentioned the result of Tuesday's meeting to Mr. Norman Young, and he undertook to consult Sir David Waley about the fiduciary issue Luggestion. It would, however, be as well to let the Treasury have a copy of the note of the meeting, and I have accordingly written as in copy attached.

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7.2.46.

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