CO129-446 - Others & Individuals - 1917 — Page 11

Į

1

i

Any reply to this letter should be addressed to-

THE SECRETARY,

TREASURY,

WHITEHALL, LONDON, S.W., 1, and the following number quoted.

TREASURY CHAMBERS.

9

23918/17.

37789 REC

July 1917.

(REGY 22 107

Sir,

I have laid before the Lords Commissioners of

His Majesty's Treasury Mr. Grindle's letter of the

19th instant (34096/1917) and its enclosures relative to

$1 notes in Hong Kong.

In reply I am to request you to inform Mr.

Secretary Long that on the understanding that the

existing condition as to security is maintained (viz.

that a special reserve of Mexican dollars equal to the full extent of the issue will be deposited in a separate vault) and that the whole issue remains subject to unconditional withdrawal should the Hong Kong Government

decide to issue notes of less than $5, My Lords sanction the increase to $700,000 of the $1 dollar note issue of the Hong Kong and Shanghai Banking Corporation.

The Under Secretary of State,

Colonial Office.

I am,

Sir,

Your obedient Servant,

Mamed

OSN