CO129-549-1 Remittance of funds between Hong Kong and London 12-2-1934 - 14-2-1935 — Page 21

and fear that this profit will be expensive-

ly purchased at the cost of increased charges

by the Bank.

The real difficulty seems to be to

assess the division, as between the Hong

Kong Government and the Treasury, of the

actual cost of the transfer of funds. The

Hong kong Government can well maintain that,

as they are in a position to make their

remittances, within limits, at times to

suit themselves, they can in favourable

circumstances rake a profit on the operation,

which they have no ground for sharing with

the Treasury, who are not so favourably

placed.

20

H. Q. Lowell

7.2.

C

OVER