CO129-561-6 Companies Amendment Ordinance draft bill- correspondence 18-1-1937 - 6-7-1938 — Page 27

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7 period in

and the cost showed not be prohibitive for a short,

the mitial period when the foundation of the new system is

being laid down). Card

An examine with an expert Adorsooy

Commettre

1

Lored

have certain desadionalages as the

do

woned have the selected from backing interests in

St.K.

which would

possibly be placed

in an awkward position

in

Kenderung

advice on matters in which they wathe banks they

Represented were interested or in nother affecting their rivals,

An alternativo

is that such a Comaetter

point friend, of course, is

woned have first hand experience of conditions in Luk.

worked by

while the I.K. Currency

Lund is worked

Committo.

such a local

Can

The final decision will be with with. but I suggest that it is desirable it make a recommendation. The pout scarcely be left

be left till the question of the selection of the officer to and the functions is under consideration as the

Carry

differ so greatly

personnel of the two frosts would differ

This

Qualifications while there would be a considerable difference

in the cost of 10 tot suggestion.

M

If the suggestions for the app". I abanking expert in

assplit then the

Minimum amount

pomil

in Leation 353 begunding the

and other prones

of capilit / could probably safely, be

life to the expert to adore one.

вони

Sentions (Sext com 278) M. Young anggests that

the Board of Fonde does not fully apprecedts the peculiar

in

us. the assets! position in Hong Kong: affarently this capital do, is the

Chinese banks is largely held in China. He does

1

Dut