CO129-414 - Governor Sir May - 1914 [10-11] — Page 38

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Enclosure H.

35

Chartered Bank of India, Australia & China,

Hongkong, 19th October, 1914.

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Dear Severn,

As I do not see eye to eye with my confreres, I enclose a separate memo. which I shall be obliged by your laying before His Excellency the Governor.

In this connection I would venture to draw

attention to the following extract from "The Economist" of

29th August.

W x x x x German Banks in London and London Banks in *Germany are being allowed to wind up their affairs, and "there is no reason why a principle which applies to "Banking should not apply to ordinary commercial con- "tracts, subject of course, to the conditions laid down "by the Chancellor of the Exchequer".

The Honourable

Mr. Claud Severn,

Colonial Secretary.

Yours sincerely,

Sd.

Wm. Dickson