fall towards the Coval of Chuisse comis, aned be would the refect his first operation.
There is a good deal to be said for his Proporal. It avoids any public repudiation of the Gort liability to redeem it's subridialy coms, and at the same hiver reduses that liabilit by the beying ne part of the Gost obligations at their prevent deprecated valus.
sation of we wait as the Treasury suggest till thers com's fall to their bullion ratul, the abi
for wall them town, top thald hold brand to
bence the home to it is a question whether the holders would rest them. They certainly would not dose tell they fell won below their bullion value as thurs would be cost of hausport assaying & reelling.
cac as well as
the better just received from the P.D. from which it appears that China has at last made up its mund to work towards a gold currenez, introduces a uno clament. The of the firstilefi tist will be taken for that purport will be the prohibition of the infort of silver coin and also the duronetization of all but Chiisse sub- liding coin - as Chuca is not.
"Chuix is not likely to undertake the redemption of Stang Khong its own. In that coal frongkong will have 5 bear the refreach of a badly depriciated currency while China has the credit of having feet her's straight : the fact that Chinx has oblamed ten, anticous starting for the purpose of lead setting her currency, in order shows that she means to deal witte her sabrediary coin. Por if it was and inlaided to deal with the exte standard cour. That could be done as in India wettiaut cost at all by simply stopping the import of further cous.
any
(1390), Wt, 20024-26, 6000, 11/08, A, & E, W. (8327).
1081--7. 6000. 4/09.
Unless therefore we are to have thoughong currency going Laws & Lawn further while the Chuisse tends upwards" we must do raucething
ou the lives ressucur ended by 415 the Governot.
wy
√n. J. Lugar d' coufl. de of 25606. shows the portion To which the advice by the Treasury has traught - we are at the present time actually recoming our courage at a discount of 7 5 ther cent. Putside Soutter america & Spain I do not think that has ever been done, and I hope it will not be done again.
The Treasury urge that are shouts do nothing tell we thaw that clevia rlands tosts. I do not see that way. anything Chuis is liters to do will helf Houghong. One thing was may be certain they will add do. Thater half Hong Kong to rehabilitate its currency.
Shores discussed the whole matter bitte hott. Chahusus.
sms, and the accompaccying off endoder's what we camiser the best solution within the
Bu.
Means of the Colony.
ses on 25-606
Now Jes
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