CO129-330 - Public Offices - 1905 — Page 190

Si E. Blake

Have you any

Letty

color y gome To do. Nothen a confiducially

tinding to Si M.

of

* Comelt

Mr. Cothing

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home what

ALC

4/10

2575710

Proud a forged by me. Stato

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Kong.

A.

Drafts

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES,

THE ABOVE REFERENCE AND THE DATE OF THIS LETTER BEING QUOTED.

TEL.ADD."CROWN, LONDON,

Sir,

-

Kong.

C. O.

35183

Reco

(REG 3 OCT

1184

WHITEHALL GARDENS,

LONDON, S. W.

2nd October

190 5

I have the honour to acknowledge the receipt of

Your Latter marked Confident ial of the 6th of September 110.31049/1905 enclosing for our observations copies of two

despatches from the Governor of Hong Kong as to the use

which we make of certain foreign banks in connection with

our drafts on the Colony.

2.

that

^

In reply I beg to say that we think the Governor

is under a misapprehension in the remarks which he has made

on the subject.

The Hong Kong and Shanghai Bank and the

Chartered Bank of India have always had the opportunity of

taking up the whole of our draïts provided that they were

prepared to give a better price for them than the Foreign

Banks. In the case also of the quotations being equal it

has been the practice of our Brokers, as will be seen from

the report from them, of which a copy is enclosed herewith,

to give to the English Banks the larger portion of the amounts

offered for sale provided that they were willing to take

the amounts offered.

3. The question raised by Sir M. Hathen is not hov-

ever one of detail but of principle viz whether the drafts

of the Colonial government are to be sold on business or

Jnder Secretary of State,

be tr

Colonial Office.

On

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