CO129-564-5 Possible removal of Chinese Government Bank's headquarters to Hong Kong 31-8-1937 - 27-11-1937 — Page 4

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agreed upon at the meeting and read to Mr. Young of

the Treasury who concurred in its terms.

Mr. Young said that the banks concerned

were the Central Bank of China, the Bank of China

and the Bank of Communications.

Of these the Bank

of China and the Bank of Communications already had

branches in Hong Kong (see A.557 in China Directory).

As far as these were concerned, there would presumably

be no objection to their carrying on exchange

operations in time of war. Apart from the general

aspect, however, there was the question of the

Central Bank of China opening a branch in Hong Kong.

? As in draft.

P. Rages

1.18.37.

This draft givs H.K, a chance to raise czy points

ABron 1/9/37

[25. I thought that, be for committing Muscles to the trees of the proposes drast

Ausun Encloud

ui NOI

it would

b1⁄2 adusalle, Ex abundanti cautela, to

Consult I tone Kons; and freether that ther Sharw know of the proposal in question

1/9/37

t. Dimean.

Ime pupurred draft to H.Ke has been concerned in by the Treamy a the FO-