CO129-472 - Others - 1921 — Page 139

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1.2866.

July, 1921.

136

sir.

I have laid before the Lorda Commissioners of Ris

190/ Majesty'zessuryMr Wellesley's letter of the 24th June

enclosing copies of correspondence in which the proposal in

unde that His Majesty's Consular officers at certain porta in Chim should set as trustees elarged with the custody

of reserves of soin to be held against a proposed Latresse

of their note issue by the Hongkong and 3hanghai Banking

Corporation,

In reply I as directed to request you to inform the

Marquia Curson of Kedleston that They see no objection in

principle to His Majesty's Commlar offisera taxing for:al oustody of such reserves provided that the officers are not constituted legal trustess and that the Bank gives an under-

taking as muz youted.

The two points which it is important to secure if the proposal as to local reserves is adopted ars that any obangs

in the maourts held shall be promptly reported to longtong

and that the safety of the deposita shall be secured; and

Uraler Beeretary of State,

14

Forain office.

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