CO129-397 - Public Offices & Others - 1912 — Page 86

85

TREASURY CHAMBERS."

In the reply to this Letter the following Number should be quoted,

ch. 10

August 1912.

15880

12

C. O.

bot read

Sir,

556

(RFO$12 AUG 12

PW

25297

I am directed by the Lords Commissioners of His Majesty's Treasury to acknowledge the receipt of Mr. Read's letter of the 1st instant (22878/1912) forwarding a copy

of a despatch from the Officer Administering the Government of Hong Kong in which he suggests that the Hong Kong and Shanghai Banking Corporation should be permitted to increase their issue of $1 notes from 226,000 to 350,000.

In returning the original enclosure which accom- panied Mr. Read's letter I am to refer to Their Lordships' reply of to-day's date

reply of to-day's date to Sir H.Just's letter of the 13th

you January last (41096/11) in which My Lords give reasons for

not assenting to the proposal contained therein for an issue of $1 notes by the Government of Hong Kong, and I am to say that, if the Secretary of State desires to recommend the present proposal of the Colonial Government, My Lords will be prepared to give it Their favourable consideration.

I am,

Sir,

Your obedient Servant,

The Under Secretary of State,

Colonial Office.