MINUTES.
Jhoan
J
See any reason for or object gained by differentiating (a) x (6). Incommend that the definition in the Ayasaland Orda (2 of 1902) sld be substituted. Staleve this :atter. definition has been considered & accepted by banking institutions. for have recently recommended it
& Palestine.
The definition in the draft stat that certains things
are included
in the word & Suggests that there are other theys which are tank notes. Greater pecension is disinte The definition the kind of cank notes.
2. As to the proposal to prevent lanks refioked in H. K. from issuing
notes outside the jurissheton of the Colony - it sums to men
LO
(and the suggestion that the fact of repistation may be taken as a guarante of financial position some to pequite unseasonable & Ind deprcate dory Anything which we seem to countrance
or sucourage
it:
(6) if other banks are permitti to issue notes in the placesontede H.K., it wo sum undesirable
MINUTES NOT TO BE WRITTEN
ON THIS SIDE.
152
to depuir refiskened tanks of the privilege. The protection of the other places in this regard Seems a matter for their own domestic legislatures not for
H.K.
al.
27.10.
Tell Gov. that the Treas. see no objection
+
and that the F.0. have referred to Pekin, but
say that the S. of S. is advised as in Mr.
Ehrhardt's minute and ask for his obsons
on that advice.
At once
1)
A.E.C.
29.10.21
adding at the end of it though it is of course
recognized that in the present condition
of China such protection can hardly be other
than nugatory.
No comments yet.
Private notes are available after approval.