CO129-446 - Others & Individuals - 1917 — Page 271

the wd be a

great

inducement

for such

extension. have this word divert silver from

China to India, to the benefit of

might be

a sound policy hereafter.

Lunch extenter

beaus

A

India, and

P.S.

But

any

lokey requiring further

It and be accessary to mathe it clean

to the Bank from the start that they

must not expect any

sach extension.

If we agreed to thong silver

might math

to India.

we

going conditions in the interests of ss. Ceylon,

but I do not think this wel be dessinth. It wd be better to acgine ment' with

The D.D. in a

always

fugt

sucral way

Mem

b we can.

power of requining the

Exteven of the silver within faello

leven if recessary for securing fair

سا

A¬ a

Mr. Beckett hankers after our obtaining for the

Govt. of I. Kong some part of the profit on the sug-

gested loan of silver. I sympathize, Wy and have little

doubt that the Bank would be ready to give us a share i

But I don't see how we could ask for it unless we gave:

some sort of quarantee by the . Kong Govt. with regard

267

to the note issue of the Bank left uncovered by the silver

withdrawn. Under ay scheme.K. Govt. notes would

.

have been issued to the Bank against silver withdrawn

from their reserve.

"thick this

Are

14.6.18

scheme is preferable

diecity involving the credit of the It. Kong

apart from the benefits to mndia, Coscutially to allow

fourt

the showzar

the Banks to deposit

the "promise thing

silver coin, & for H. Kons

as secrets for them notes

mishead of

fach the provise

superflunes

9.9.14.6.15

Moor Hewin

Ion? like strieurs with gen

T

K

ince twent

бил

Expre using Colonies

(unless the It. clif our wrings by a change in

from of the suffected quarante I

...... le

when for have had this.

I doin Lay but.

but a dul

with J.O. is not possible; but the proposal as

presented her

busines.

we discussed in 16 an

به

as I understand

យ

an opiny