CO129-443 - Governor Sir May - 1917 [7-9] — Page 169

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

159

HONG KONG

44142

17

44142

Goo May

1917

July

Last previous Paper.

Aund 225. 10 bet

loves

Ocd 12 Oct 13

Next subsequent Paper.

Securities

چھا

vities deposited

by Barts.

from

ag.

land sty letter to hat

the

Mared be braveght ing

a-teore

Lflaftenen

flease?

DEA

my

we have

your

бытно

a precisely Emirilar question has been rained by this Dept: within recent years in Uganda, East Aprica, Nigeria and (think showhere, and

the principle contended for has been accepted by the local authorities in each ease. Do Our view is

subame that it is unsatisfactory that a security hold by the Crown Agents in behalf of a Colonial Goot should remain unrecorded in the Colony's Balan & sheet; and that the correct procedure... is to include in the heat as to liability, against the head "Deposit's" and also, as an asset, under "Investments" the cost price of the securities deposited

by a Bank under the terms of its agreement.

the

(16015—1) Wt. 35722-19. 50,000

11/16. DES. G 122 41.

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