CO129-549-1 Remittance of funds between Hong Kong and London 12-2-1934 - 14-2-1935 — Page 73

COPY.

THE WAR OFFICE,

LONDON, S. W. 1.

72

14th April, 1934.

B.M. L.A.4476(F.1.).

Dear Young,

The

Enclosed is a copy of correspondence between the

Financial Adviser and the Treasury Chest Officer, Hong Kong

regarding the possibility of obtaining dollars from the

Colonial Government instead of in the open market.

correspondence has been forwarded to us by the Financial Adviser

for our information but as the arrangements for the raising

of funds at Hong Kong are made direct by the Treasury with the

Treasury Chest Officer the matter appears to be one for you.

As you are probably aware a large number of dollars

are received from the Colonial Government in payment of the

Military Contribution and only dollars required in excess of

the contribution have, at present, to be raised in the open

market. So far as the Army alone is concerned the dollars

received in respect of the contribution would probably meet

local requirements.

N.E.Young Esq., M.C.,

Treasury,

S.W.1.

Yours sincerely,

(Sgd.) A. EARL.