CO129-523-12 Currency situation 17-2-1930 - 9-7-1930 — Page 23

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that the Chinese Government have already prohibited

the import of foreign silver coins into China,

and possibly this has caused the influx of Mexican

dollars into Hong Kong. Prohibition of the import

of specie is not such a usual expedient as

prohibition of export, but was apparently necessary

in the special circumstances of Hong Kong. It

can hardly be maintained indefinitely, and we can

only hope that it will be possible to remove it

when action is taken on the recommendations of the

Currency Committee.

No.22. The recommendations of the

Committee are not yet in very precise form, and

no action is necessary at present pending the

arrival of the Interim Report by mail. ? copies

of No.21 and 22 to the Treasury and Crown Agents

L.F. for information.

7.

Came

23.6·20

I agree to action proposed, but it is

Cooks

if the time were

time were approaching when someone in theco, with

to gaminto

to this question avery thoroughmling ➜ become, if not an expirt, at any ret able to understand, & state, the exact terms of the problem & the possible solutions! I'he problem is certainly

an unique one.

It

༥ Z་ཐཀླག

24/6/30

seems to me that at G.L.M.Camom present too many of

are trying

trying our hand

at it.

and

I agree as to the action proposed. The situation

is Gilbertian: the Mexican dollar is legal tender--