CO129-523-12 Currency situation 17-2-1930 - 9-7-1930 — Page 10

2514

MAS

I think we ought to wait for the report.

The 28th: March 1930.

10

25/1/80

Them? want but 1.0. "if nothing from HTC

in a maconite

7.2. Martin 28.3.30

100428

utom

11. Extract- from Hong Kong Weekly Press

4.3.30.

28.3-30

I was confidentical copy of Correspondence relating to the Currency position

12 0.A.G. Conf

I copy lot. * Pus

forme Taylor

13 Extract from

trong động.

the Times -14th Afril 1930

The premium enjoyed by banknotes over coined dollars has been normal in Hong Kong for at

least 30 years, apparently ever since the Banks

began to arrange their clearances in notes and not

in silver. Last summer, however, it rose to

altogether abnormal levels, reaching even 20% at the

end of September. Such a situation was disastrous

to China

to exporters in competition with Shanghai and other

rsli

Treaty

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