CO129-549-1 Remittance of funds between Hong Kong and London 12-2-1934 - 14-2-1935 — Page 60

Hong Kong can be obtained for

sterling in London.

[The best method

of giving effect to this will probably

be to take for each transaction the

me an of the published selling rate

of the day and the buying rate (which

since December 1931 has been certified

for each day by the H.K. and S. Banking

Corporation), but this also is a question

which the local Government and the

Treasury Chest officer might discuss with advantage.]

In reference to the general

subject matter of this letter, Sir

Philip Cunliffe Lister may be interested

to see the attached table of aums

raised by the Treasury Chest Officers

in Ceylon, Bermuda, and Jamaica from

the Colonial Governments during the

last financial year, and to recall

the origin of the Ceylon arrangement

(correspondence enclosed with

Colonial Office letter 10633/17 of

the 2nd March 1917), in circumstances

somewhat similar to those at Hong Kong.

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