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

32

Ariq, en 81956/31.

PARAPHRASE TELEGRAM from the Secretary of State for the

Colonies to the Governor of Hong Kong.

No. 102.

(Sent 2.10 p.m., 22nd August, 1931.)

31

250 copies

Reference your telegram No. 144. Comission's Report in sealed package left by beg of 20th instant. Please telegraph reporting arrival so that date of publication may be arranged as soon as possible thereafter but do not break seals before date appointed.

Preliminary conclusions of Colonial Office

Currency Committee are that proposal to remain on silver basis is gound and remaining proposals for reorganization of currency and creation of currency board are acceptable, but

not finally banking representatives and Treasur, are committed to this view, and before reaching any decision I shall await your report and recommendations on reception of

report locally.