CO129-523-13 Currency situation 16-6-1930 - 16-6-1930 — Page 13

13

I am afraid that time has not permitted me to

do more than run through these papers. I agree to the course of action proposed. I should be glad to have a copy of Mr: Clauson's memo:

to study it at leisure.

The 18-10-30.

Konftelll 18/4/10

Mr. Clauson's exposition of the situation is admirably clear

I should be of great value to the Committe.

The problem is very difficult _ it is not the simple ones of

Mooiding songking with a vuitable

The real problem is

currency

to provide a

a

stable currency

hage areas ravaged by

civil war

ruled by

a corrept

& incompetent government over

which we have no

хоче

of control.

Personally

I believe that

Hongkong

must stick to silver,

& I would like to me

The

question of silver certificates