CO129-288 - Public Offices & Others - 1898 — Page 128

M.Graham We had better send a

Treasury

to the

:copy I ask for an Expression of

then news.

In the Straits where there is about to be

a government note issue, the bank, as for as I understand, should not be

allowed to issue notes

will see

In Hongtong the case is different. There is no government issue contemplated there. from 27426197 that in addition to the two banke now issuing Notes in Hougtong is. the Hongtong d Shanghai

and the Chartered Bank, there

is a third bank the National Bank

proposal

{

I know little or

of China-kisin to issue notce & the

seems at present to hang fire. nothing about the subject, but it seeme to me that the main point

first in to decide in the

Whether this successor

instance is

the Chartered

Mercantile bank which has branches

both in the Straits & in Hongkong

confined

can be

in its note issue to

the latter colony. Would you feel inclixed

to interviews the chairman on

ai he sa

bepre

Fearan

suggests Laggers C.P.L

west the

14. Sept

See munites

the

subjec

127

an 22579.

1.F·19/10

The dift. bewith to the Mercantile Bank as first written & ells.

Fiddian was based on a

similar aft to the National

Bank of China

on 27426 Aka

97

but we need not, at present at !

ا کر یا ترمیم

the 14 th

any rate, ask the questions beford because the Manager called fanc exflamed to

intention

of the

(1) that they had no of issuing except at #. Kay

notes

S.S.; and

they

(3) that

dy

bo

issue notes anywhere

Comfany

to obtain the consent of the shanks ders who under the Hets would be subject to unlimited liability in respect of such notes.

A