CO537-(1262-1649) — Page 96

00061

Wt. 49614/485 3/48 50m. S. & S. Ltd.

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Mr. JR Williams 16.3.

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Parly. U.S. of S.

Secretary of State.

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THE NATIONAL ARCHIVES

2

1

2

cms

Ref.:

CO 537/1369

restrictions.

Please note that this. Further information

supplied subje

to the National Archives' terms and conditions and that your use of it may be subject to copynght

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

J.B. CRICHTON, ESQ.,

THE MERCANTILE BANK

OF INDIA, LTD.

(4x)

(+))

Dear Crichton,

I promised in my letter of the 1st of

May acknowledging yours of the 29th of

1

April about your 'duress" notes that I would

write further when we had looked at your

figures and those of the Chartered Bank

more fully. We have now done this and

I suggest that we should defer any further

consideration of the whole problem until the

"debtor-creditor" question has been

settled since this will determine the

position of the Hong Kong and Shanghai

Banking Corporation and hence your own

position.

I propose, if you agree, to

leave it to you to raise the matter

urther with us at any time you think

desirable.

I am writing in similar terms to

Cockburn.

RTHER ACTION.

Yours sincerely,