CO129-510-1 Correspondence concerning securities held against note issues by various banking corporations 28-2-1928 - 16-10-1928 — Page 19

Telephone No.: VICTORIA 1234.

Any reply to this letter should be addressed to—

NATIONAL

FOR DIS

SCHEME

DISABLED

MEN

THE SECRETARY,

TREASURY,

WHITEHALL, London, S.W.1,

and the following number quoted.

F.1128/40EIVED

- 8 JUN 1928 COL.OFFICE

TREASURY CHAMBERS.

7 Ju

June, 1928.

19

Sir,

10

I have laid before the Lords Commissioners

of His Majesty's Treasury Sir G. Grindle's letter of the 22nd ultimo (52821/28) transmitting copy of a

despatch from the Governor of Hong Kong regarding the

security for the ordinary note issue of the Hong Kong

and Shanghai Banking Corporation.

In reply I am to request you to inform

Mr.Secretary Amery that My Lords would prefer that the $1,850,000 Straits Settlements 51% War Loan 1918-28,

which falls due on 20th July next, should be replaced

by a Trustee Security.

I am to add that My Lords would be glad to

be consulted in future before the approval of the

Secretary of State is given to any non-Trustee

Security, even where (as in the case of the Straits

The Under Secretary of State,

Colonial Office.

Settlements