CO129-523-12 Currency situation 17-2-1930 - 9-7-1930 — Page 104

Tolephone No.: VICTORIA

NATIONAL

CHEME

RECEIVED

21 FEB 19JU

COL

COL

OFFIC

In reply

FOR

DISABLED

MEN•

AN

Please quote Regd. No.

124

TREASURY CHAMBERS,

WHITEHALL, S.W.1.

17th February, 1930.

>

Dear Clauson,

I was recently asked by the Hong Kong and

Shanghai Bank if I would approach the Tower of London

to ask if it would store silver to the value of some

£400,000, which they expected to have to hold to the

order of the Hong Kong Government as security for

}

additional notides in Hong Kong. I approached the

Tower of London who were unable to accede to the request,

and I therefore suggested to the Hong Kong Bank that

possibly it might be arranged that the silver should

be held by the brokers to the order of the Hong Kong

Government since neither the Bank of England nor the

Mint are able to store it. I thought that you might

like to have this information.

I should be grateful if you could let me

know what is the present position about Hong Kong

currency. If currency notes are being widely circulated

•

G.I.M. Clauson, Esq., O.B.E.,

Colonial Office.

in

unsurd &