CO129-523-13 Currency situation 16-6-1930 - 16-6-1930 — Page 4

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

suffering enough from the sterilization of 4

gold

in Paris and elsewhere, without

adding a further so potential

ce

lock-up.

While we

are waiting it is

thing

perhaps worth considering if any cannot

be done to stabilize the price

97

silver. Even if the Kemmerer proposals are adopted in China they will only gradually take effect and

mean while not only H.K. but out

larger interests

in China

will

•X. I believe the experts would admit that

they do not know how

continue to be at the mercy of

violent fluctuations to in the firee

of silers.

It is precisely the

for the price may fall, sort of problem - financial, e involving

since price has little

ffect on the scale of froduction of what

iservantially

a

G2-froduct

international cooperation - which

Sir A. Salter of the L/N has made his

speciality

and

as he is now retiring

it might be

from the League service

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