CO129-523-12 Currency situation 17-2-1930 - 9-7-1930 — Page 15

15

This printed comice shows charly

what

a

difficult - biotably wrique-

problem

the Currency

is

L

Ang Kong,

Mr Waddington's note p. 20-26

is

about

the most

clear

and definite, ?

Lo

doubt, for

that

unus t

itng

reason,

be

under

as

some suspicion especially

being the opinion of one

2

This

non-noteissuing bankers dearly hostile

HK othanghai Bank with its

to

the

privzlyes

& reponsibilities.

1 Ferguson's

hote

uper it

which follows it

giver

?he

a required comctive.

basic difficulties seen to be

that

،

pre sunt cincs

a

currency

confined to Hong Kong

will not suit

the Colony, possible of the

No accurate eximate

is

and requirements of

Currency if it is to inculate freely

basis

outside

the Colony. The currency

must

conform

to

Ithe basis in

China

with expecial reference

as competitive

Shanghai competitions

to

entrep of

for external

wade

with China.

The

Coral Gat

have appointed