CO129-491 - Public Offices - 1925 — Page 253

1925

Treasury

DATE

21 October

CO

47500

RECE

(REU 21 OCT 25-

241

As regards the detailed proposals of the Governor for financing the Native Banks, My Lords take no objection to the suggestions for the increase of the note issues of the Hong Kong and Shanghai Bank and the Chartered Bank but They consider that, in as.nuch as the failure of the Native Banks would be a matter of serious concern to the

the Hong Kong and Shanghai Bank and the Chartered Bank, latter might be expected to bear at least one third of the risks involved. Such an arrangement would moreover rive

these Banks a direct interest in the management of the

debts taken over by them.

I am,

Sir,

Your obedient Servant,

ыл

FOR CIRCULATION-

Mr.

Mr.

Mr.

X Asst. U.S. of S.

Perm1 U.S. of S.

Part 0.8. of 8.

Secretary of State.

Previous Paper

906

900/45928.

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Regrets inability to agree

to Parliament being asked to pass,

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26/10/2

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49926

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