CO129-520-2 Currency- note issue 22-11-1929 - 11-11-1930 — Page 3

3

DEST WAT

f.cn.

། ། །་ ITUTE

to alijection to increase

e

24-1-30

In view of this (7) (5), 1 rufton

we must affrove the increase; but

I feel that we are

acting mothe

Show continues to

dark.

fall

ما

unprecedented levels.

? Inform Treas} if (40)

that sos has

ne

object con to

the proposed increase on the understanding

that the Bank will defort the

afpropriate cover

for the note crisue

its

under the Fermes

Charter.. That

sos. would be gland The

Bank would be requested to

explain what is recaud by "the

present exigencies in Hong Kory's

Add that cofy is being sent to fo And rend copy of and letter tES FULF (4)

7.12. Newstin 6.2.30

G.C. 6.2.30

M2 6/2