3.
Probably an expansion of the note issue
by British Banks is needed, and we do not object to
the suggestions in the last part of the telegram.
4.
The above is on the assumption that it is really/to go so far in the direction of guaranteeing
the native Banks, It cannot be a matter of complete
indifference to the British Banks whether the native
Banks fail or not and, under the proposal, they are making themselves pretty comfortable. They might well be expected in view of their own interests to take some risk, say, one-third. This would moreover give the Banks a direct interest in managing the debts they take over to the best advantage.
Yours sincerely,
Hhillips
Harrow 123 E475
or C.
ECEIVED
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4.
POST OFFICE
TELEGRAPHS.
No. of Telegram
Sext
Ome amp.
ME
At.
the receiver of an Inland Telegram douuta its scentssy he may have is cepestad | jen payment of hall the sunooni originally paid for its Eranszpitalon, and L is be Jesed that there was any inaceumsey the amount paid for repotition will be refunded. To
*poutal conditions aie sypflexble to the rapeition of Foreign Telegrams.
THIS FORM WEST ACCOMPANY ANY ENQUIRY RESPECTING TH18 TELEGRAM.
By
1484
Time)
Instructions
Worda
S 11/15 AM CHINGFORD 28
.............M.
PASKIN COLONIAL OFFICE SW 1
HITE
A
MAL
لات 30
25
.W
ISE IMMEDIATE APPROVAL GOVERNORS PROPOSALS BY PRIORITY TELEGRAM
MY TREASURY NOT CONCERNED EXCEPT QUITE FORMALLY AS TO NOTE ISSUE
POSALS WHICH ARE UNEXCEPTIONABLE = COLLINS
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