CO129-549-1 Remittance of funds between Hong Kong and London 12-2-1934 - 14-2-1935 — Page 20

19

opethu

with the complete failure

To meet

I to sachin attempt to

の依

the needs of the Trearmy chest

1

значит

Office in this matter, are clear

enough

to saphat the Governor';

Conclusion

that

inadwrath from the Colony's

my change is

totul jum

I onto this at the highest: I can't really see any but only a gain by one party als the expense of the other with the

Ht of view.

But

)

sa

no

Mbyection

to

paytimlar

Thaming this

fwithin in for ached for

this aft.

Mhout.

7/2

in

I should very much like to drop this.

The Hong Kong Covernment are satisfied

that they benefit by the existing arrange- ments or at any rate would gain nothing substantial by the proposed co-operation. They may possibly be mistaken; but any advocacy on our part of the other side must

be suspect by them, since they will real-

ise that, if any saving is to be made,

the Treasury will want some or all of it.

In any event Hong Kong only stands to

share a gain of no great total amount,

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