CO129-466 - Individuals - 1920 — Page 14

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expected shortly to be available for giroulation.

I was given to understand that the scheme for the

provision of notes as outlined above will be explained to the

local managers of banks in balgon by a French Government official

shortly before it is brought into foros.

while the French Government anticipute that some objection

by the natives to the official declaration of an inconvertible

neve issue may make itself felt in some quarters (in Tonkin

for instance) they think that it will be accepted by the bulk

of the trading community without serious opposition.

As stated above, the Pranah Government are anxious to

establish in Indo China as soon as possible a stable currency based

en a token coin containing about 12 grammes of fine silver, and

they will therefore, I nuderstand, amil of every opportunity

to reduce the rate of exchange for notes and intromos a schone

for the regulation of exchange.

LONDON, 4th February, 1980.

(Signed) R.R-N.FARFIELD.