CO129-572-11 Agricultural indebtedness- request for information on behalf of bishop of Hong Kong 3-3-1938 - 24-4-1939 — Page 3

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mi certâni cases,

107 Co-operative Credit Banks/Societies

ordinances arreer to imply the existence of

such banks or societies and as far as I em

aware those institutions do not exist in Hong

Kong. All the came the lexislation on the

subject may be useful if the creation of such

banks or socictics is mert of the bishop's

scheme of robahilitation.

I am unable to attech objects and reasons

for the above ordinances as these are not

filed in Library.

I fear it will be necessary

to get out the nn.

I. H. Exampson 205

14.4.38

am very grateful for In Thompson's researcher of

The question raised by the Bishop of

Hong Kong is a difficult one, and I am not sure

that any of the legislation mentioned in

Mr. Thompson's minute will be really suitable,

since in nearly all cases the schemes for the

relief of agricultural indebtedness in the

Colonies, with which we are concerned, depend

+-- upon legislation and | Government sanction for

compulsory adjudication of debts. In

particular, the Zanzibar precedent, which I

have discussed with Mr. McDougall, is not of

very much use since it depends upon the

compulsory adjudication of debts by the Courts

x and the taking over by Government at fixed

rates of interest. The St. Vincent and

British Guiana legislation is perhaps more

useful since I think that agricultural credit

societies