CO129-357 - Governor Sir Lugard - 1909 [7-9] — Page 606

ら

stføreuh sibul to finski horod^a/D

Cantik hi

OP Y.

C.O.

135645

537

Enclosure 2.

[Rec: 30 00109

oldemoroll st

sir,

hero Mao2 Istrofal

Hongkong and Shanghai Banking Corpora-

tion,

Hongkong, 11th. May, 1909.

ROCABA .01 Sarog delw benzovat era pl

.suum I erott zenemoron a en dnevnun Ibu dari berab

son & dele og er okul of naû ew

(gas MI

hus:0 * bebruswat rond as mudre I berotempo evoda uron to

a poy na bedantana oo ed (Ilw vlugt «inult has nobnoj nt o-1920

aid mh aeropend tuo od naj op dree cafe pareri al .887000 erh

to snow salt to soz«helpte darle zindia or atraefico2 estende

.emerkt dumal neok suerinnerað eit

noela „****

(.65)

I am in receipt of your letter No. 8641/08

of the 15th. ulcimo, which was delivered during ny temporary

absence from the Colomy and in which you ask for the views of

this Corporation on the question of a Government Note Ingue for

the Colony.

You give no particulars beyond the fact

that the proposed issue would be "on the lines of the systen

already adopted in the Straits Settlements" with the full

details of which system I am not acquainted and where the

currency is now on the basis of a fixed exchange. In the

absence of information as to how it is intended to work the

proposed issue here and to deal with the reserve to be held

against it I find it difficult to express an opinion. I may

however aay that I shall be glad to supply the Government with

the details of the working of this Bank's note issue.

I am etc.,

(sd.) J. R. M. Smith,

Chief Manager.

Honourable

The Colonial Secretary,

Hongkong.