CO129-491 - Public Offices - 1925 — Page 254

he allitude

Ki

f

The Measury towards

Far Eastin Colomie - from whom

they accept innouatl contributions and

for

whrm, on

puristic grounds they always

avoid soing anything whation- is doing

Ch

as good fritically

in the Far East.

ABecken

30715/25

<

Any reply to this letter should be addressed to

THE SECRETARY,

TREASURY,

WHITEHALL, LONDON, SW. 1, and the following number quoted.

S.27041.

TREASURY CHAMBERS.

11 October, 1925.

CO 47500

246

Sir,

IRES

2: 001 25

ords Commissioners

I have laid befe

of His Majesty's Treasury Sir G. Grindle's letter of

You'

the 8th instant (44400/25) together with the enclosed

$5

copy of correspondence with the Governor of Hong Kong on the subject of the financial conditions in the Colony.

It appears from the correspondence that arrangements have been made under which the Colony will be provided with funds to the amount of £3,000,000, and that an announcement to that effect has already had a marked effect in restoring public confidence, so much so that the total provided may not in fact be required.

The said funds have already been obtained

sources and Ir. Amery suggests

on loan from various

that Parliament shall be asked to guarantee the

lenders.

ador Secretary of State, Colonial Office.