CO129-438 - Public Offices - 1916 — Page 294

for the Give to mix itself of in the matter;

that the game is not worth the candle, &

Ir. Read.

288

That

sey

ackow which

may

be tuhew withe

a view to pcilitating the operations of the

گی

larger investor had better te lakew of the -local banks & perancial companies rather

thew by the Govt.

In the cirer Iver little adimcntage from own ponit of

new in yet another fommitters,

but Quote that it is proposed to consider the question of promoting subscriptions from pritom "alrond i.e outside as well as within

the lumpere.

The S.J.

Domes to be excluded in any case. ? Perhaps it

be thought advisable to

mey

Mivatil

avcertain from the Treamery what they have

in their müde.

This letter does not allempt to answer thie Hrgkong (27797) a Cylon (29352) enquirie

I as to Jucome Tax. T.C.M. 57/8/16.

W. Macnaghten

This letter appean

t

Emanate from his du Ramay. You

had better see

at once.

4.8. 85/9/16

monday.

A: meulitnact the Minited States, &

Chelia.

I went over and saw Sir Kalcolm Ramsay at the Treasury this morning. He tells me that what they have spcially in mind, in proposing this Committee, is the encouragement of subscriptions from abroad, more especial ly to Exchequer Bonds. They quite appreciate our point

of view as set out in our confidential Circular of the

12th of July, and in no way want to suggest that we

should take action through the local Governments. They

quite think that the local Banks can do all that is

needed, but they suggest that we ought to be represented

on this Committee, and be in touch with what is going on,

perther and they think it possible that some of their methods

of facilitating Colonial subscriptions may result from it. The Treasury are anxious that the new

Committee should begin to meet in a week or ten days'

time, and in addition to representatives of the Treasury

Foreign Office and Colonial Office, they propose to ask

Sir Charles Addis, the London Manager of the liong Kong

and Sha ghai Banking Corporation and Mr. C.G.Hamilton

of the Bank of Australasia to join the Committee.

Fr. G. Foldes.

Jln.

repre

are

7.08.70/8/16.

ohh sand

HJR. 878716

Our Collins of represent us

In from the yeawal point of

112

Twas... ought

Ar

Risterly of

L

6 MK

Nakend