CO129-284 - Acting Governor Major Gen Black - 1898 [7-8] — Page 48

in the Colonial Treasur.

2.

In connection with

this Film Jan

Enclose fimosigur

Mon

domments correspondence

noted in the margin,

explaining

the circês

which have given

rive

to the present proposal, and Jam also to muclose.

copies of

for the Stangkang and

Sharits Settlements Ord I which we late the existing powers of

Bank.

Thin

3. M. Chamberlain proposes with their

Ludships concurence to approve the propoal of the Acting Governor,

but to limit

M

im

arrangement first nistance at

It

any

rate to a period of one

247

gear, at the and which time the Straits

Sett: for ""Currency

Notes will be in

circulation

and the #. IS. Bank will

I am to Explain that probably have withdrawn

it is not expected that this Straits for notes will be ready

for

som before the begro next year

and Straits fett: Ord. no. 10 21881

its notes from

from that Coling.

4. In order to legalize

this excess isone znotes,

it will be necessary

amend the Lost li

of Hongkong

Ord. no.

Land 71882 ) and the

2/

Opportunit might be taken to embody in that ending Frdinances

clance the arrangement.

which is at present in

force

in

regard to the

deport of

comi

←

securities to the extent

of one third

of me

Then Existing

total maximum antinged isone of notes

5.

(amberlain

world