CO129-523-13 Currency situation 16-6-1930 - 16-6-1930 — Page 51

NO CONFIDENTIAL.

72796

REC

38

VED

51

2 7 AUG '030

COL. OFFICE

GOVERNMENT HOUSE,

HONG KONG 23rd July, 1930.

Nos. 19 to 249 26.6631.

(separately).

My Lord,

I have the honour to acknowledge the

receipt of Your Lordship's confidential despatch

of the 2nd of June, on the subject of the currency

and exchange situation in Hong Kong, and to forward herewith twelve copies of the report (and evidence) of the Committee appointed by Mr. Southorn.

2. In view of the general anxiety in regard

to the currency situation and the anticipated delay

in the submission of the final report of the

Committee, I considerit advisable that an interim

report should be issued, and at my request the

Committee submitted such a report.

With the

concurrence of my Executive Council, this was

communicated to the Press, and a copy forwarded to

Your Lordship under cover of my confidential despatch

of the 3rd of July.

3.

place.

The following developments have taken

It appeared that the Colony was being

flooded

THE RIGHT HONOURABLE

LORD PASSFIELD,

&c.,

&c.

&c.,