CO129-525-3 Estimates 1931 and other financial papers 16-1-1930 - 1-9-1932 — Page 39

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whether the holler is worth. /6, 1/4 wi/-

I think the change in the conversion

system should be introduced as from

1.1.1931

M

me

rystem has been

вили

Cean

one year after the frement effective. J.A. Calder

14.1.31

I cannot and anything useful.

It may be that the facts are now So Serious as to render action essential Cven if it is on to face fit a breach

of faith. Als

14/1

I thuis

we

шит

now

proceed

пи

moposes

as an

Calder

extranduiary

and temporary measure due

& face majeure.

و

understand

that

the currency

position

in

H.K.

is

to be

examined

cú

another connection,

and

if

the currency

be stabilised

the whole

A

question of salaries will have

to be reconsidered

Li

the

which will

light of the position