CO129-529-2 Currency- note issue 31-1-1931 - 31-1-1931 — Page 12

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on equal terms as the conditions of their

note issue are different. For this among

other reasons I thought it quite impossible to say anything definite to the Chartered

Bank without consulting the Governor of Hong Kong and also the Currency Committee, who

will have to consider very shortly the report

of the Home Kong Currency Commission. I there-

fore think that we must arrange a very early

meeting of the Currency Committee to settle this particular question of the note issue

of the Chartered Bank. I sent the telegram

to Hong Kong yesterday without consulting you

as the matter was urgent and I felt sure that

you would agree.

hary

thanks. I agere.

T.V. Verum

16.7.31

To Goot H. KL. tu.

Good tel.

17 July 31

21 July 31

(Would prefer to confine exten isove 6 $5,000,000, but we agree to $10,000,000 ifmeeway).

This matter was discussed by the Currency Committer yesterday. They adrised that the Bank she be allound to increase its issue to $35,000,000 any increan abour $30,000,000 Co be on the security of 100% silver win on DFG menwith

bullion.

18 Tel. No.91 to Go.HK. Cho Bramed)

G.L.M. Causm

25/2/31

28 1931