CO129-574-9 Provincial Bank of Fubien- establishment of branch in Hong Kong 1-10-1938 - 28-1-1939 — Page 22

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Ausd

My

г

22

October, 1938.

Dear Young,

I enclose a copy of a despatch from the

Governor of Hong Kong regarding a proposal to establish

in the Colony a branch of the Provincial Bank of

Fukien.

We are not quite clear as to the precise nature of the Governor's difficulty and with your

knowledge of Hong Kong and its banking activities we

venture to consult you about it. One would have

thought that this Bank is either an ordinary Bank

which must be registered and could sue or be sued in

and in that case there would be no

the Courts;

anger to the public although existing banks might possibly (though without much justification) complain

of its competition.

N. E. YOUNG, ESQ., M.C.

Alternatively, it would have the

nature