that if
hereafter
We
517
find it
rall f
to realize som Rufee
necessary
investment
in India 15
to
weet
Aur
Houghing,
obligations to noth boldens at
l
if so Lepanth
in exchange for
the
They in
proceedo if
Mer
incesturats as
many
British dollard ( which they coin for us)
will be equivalent to the amount of Andered to Thenn The Indian
Carency
on the basis of the present relative
weight and frienend of the dollar in
enfer respectively.
Mr Hawin
ALC
Holy
Scammst depthat I am
Enamoured the scheme in
and certainly
bot at
any
ན་ཚུ ོ་ proceum when siins
is jumping about in this spasmodic
way.
Ith and we had better drop it? A
fou agree?
I apper
Dr.
610
disummaÁ
Une spuments
not mak
Me Collins Art 8/1
W.H. 6/10/17
OW
See note
draft to
A&C
10
Private.
Cofr
Downing Street,
248
Dear Abrahamj
14 September, 1917.
I have been trying to help you in your colossal problem in several ways (1) by recommend ing sale to you as bullion of surplus German rupees in East Africa (2) by proposing as I intend to do that if you can remint our silver reserve in the Straits Settlements' we are deferring payment) into coins 1/3 less in value the surplus silver shall be sold to you and the proceeds held in India
Go-omment for Straits Settlements requirements (3) the West African Currency Boards have suspended their pro- gramme of coinage and we shall buy no more silver at present (4) But an idea has now occurred to me which may be of material assistance. It is of course only my personal suggestion.
Your main problem I take it is to divert silver from China to India. The Chinese love paper
more than coin, and a really secure note-issue is specially attractive to them. Hong Kong is on a
silver
SIR L. ABRAHAMS, K.C.F.,
I
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