CO129-510-7 Allegations of discrimination against United States companies in Hong Kong 22-3-1928 - 8-1-1929 — Page 62

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intensive canvassing by American Companies for the

control of this business and the Government on

consideration of the question reached the conclusion

that "the nature and purpose of the Fund fully

justified the decision to confine insurance to

British Companies".

This decision was not enforced

retrospectively, and it is to be noted that the

principle adopted is in keeping with that laid down

in the last paragraph of your letter No.52835/23 of

12th April, 1928, addressed to the Secretary of the

Board of Trade.

I have the honour to be,

Sir,

Your most obedient, humble servant,

W. I. Southoch.

Officer Administering the Government.