CO129-489 - Governor Sir Stubbs & Sir Clementi - 1925 [8-12] — Page 229

2. A., E. Collins 24ver 1925

Mr.

Mr.

Mr.

Mr. Strachey.

Sir J. Shuckburgh.

Sir O. Davia.

Sir G. Grindle. 24

CWilson 149.

Mr. Ormsby-Gore.

Mr. Amery.

aforce

coded out

of

6:30 pm 24 9 10-

DRAFT. TELEGRAM

7

gent

SINGAPORE,

copy to Tuto. Mercer 5.0. Cons. 24 SEP 1825

1.

Continuance of boycott directed

from Canton is causing very serious

financial crisis Hong Kong. It is urgent

that steps should be taken to restore

confidence and increase supply of money

Governor urges strongly that

available.

His Majesty's Government should lead sum

required up to three million pounds though

less would probably be required as

intervention from here would restore

confidence and bring out hoarded money..

Loan would be used for loans on approved

security only and there would be bo

possibility of loss unless Hong Kong is

absolutely ruined.

There