CO129-446 - Others & Individuals - 1917 — Page 265

is

о

Quarty

for my sig.

A.E.C.

I

DRAFT.

Dear Lucas,

F.H.Lucas Esq. C.B.

18 Sept. 1917.

261

MINUTE.

Collins 26

Mr.

Mr.

Mr.

Mr. Grindle.

Mr. Lambert.

Mr. Read

Sir G. Fidden.

Mr. Steel-Maitland.

Mr. Long.

for conson

Thanks for your letter of the

24th. Will you please let Abrahams know that Fiddes does not agree to my proposal

that we should let the Govt. of India have

silver against payment in India of as many

rupees as it would coin into (or rupee

securities equal in value ). In these cir-

cumstances I am sorry to say that I do

not see my way to proceeding further, as

it does not seem likely that the Govt. of

India would pay us in India for our silver

on the basis of the London quotation for

silver. Is silver being paid for in India

and minted into rupees at a loss ? If that

is so, you might be able to offer us a

premium, but not otherwise I think.

yours sincerely

AEC