CO129-555-2 Estimates 1936 30-8-1935 - 29-1-1937 — Page 256

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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Telegram from the Officer Administering the Government of Hong Kong to the Secretary of State for the Colonies.

3

294

Dated 26th September 1935. Received 6.3 a.m 26th September 1935.

IMPORTANT

No 241

1935

Unofficial members of Council will press strongly on second reading on 3rd October for a forward exchange contract to be made in order to insure against loss to 1936 budget which would follow fall in dollar. After consulting Young I am of the opinion that this would be improper and unwise in the present circumstances. Do you agree and may I say in debate that you would not sanction such a course.

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