34
appreciate if silver rises.
(3) whether an alteration, if decided, would be practicable within the limits of the present system whereby there are three note issuing banks, or whether in such circumstances it would be necessary to set up a Hong Kong Currency Board on the lines of the other Colonial Boards already in existence; and whetherin the latter event the privileges of note issue enjoyed by the Banks should be withdrawn by agreement forthwith, or by unilateral action in 1939 when the Banks privileges
cease.
It is of course understood that if the Committee desires further information before expressing an opinion the Secretary of State will obtain it for
to the Governor them and a telegram
the questions set out, in Appendix.
asking
has been drafted auch
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G.L.M.Canson
14/10/30
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