CO129-420 - Governor Sir May - 1915 [1-2] — Page 55

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Your Excellency in holding, as we are gratified to

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Jefidw,emod de stuetejat daišitā toi areonoo Jaeng awoda

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•gnognol mOTİ YIJAPOo 'enetis eit of

"that it is all very well to talk about silling the

enemy's trade and depleting his treasury", but "that

we want to keep our treasury full and that, in cutting

off many channels of trade, we may find ourselves,

instead of being the richer, a great deal the poorer"

has condensed into a few words the exact views held by manu-

facturers and merchants on this side; and we trust that no

obstacles will be put into the way of the liquidators in carrying

out their important work in accordance with Your Excellency's

views, and particularly that the Banks will grant all necessary

and usual facilities to that end.

Although some of our Banks, particularly the Hong-

tong & Shanghai Banking Corporation, in their desire to safe-

guard Hongkong's trade with Great Britain, have done a great

deal towards upholding ordinary banking facilities, others,

although benefitting by the protective attitude of H.M.Govern-

ment, have shown little desire to help the trader. It is

unfortunately the case that all measures for carrying out your

Excellency's views are impotent if the Banks do not co-operate

by granting adequate facilities.

Your Excellency evidently shares the views, held on

this side, that, much as we think it to be our duty to assist

our armed forces by weakening the enmuy economically, it

should not be done so as to injure British trade, which after

all supplies the wherewithal for carrying on the War,

Quite two score of the manufacturers with whom we

are dealing, and in whose interests we write, agree in hoping