A
in
19
Under prevent conditions anybody the Far East can get out of shrling by simpler and chraper methods than relling there haver bonos aganist foreign currency.
The Bank are perhaps reserving their position about the future beaure the large amounts still to be issued represent too great a commitment in the light of present uncertainties in the Far East.
Trong Kong is certain to be less afficked by disturbances them China and it may in Expected that the recurity of. Hong Kong government loon will be more attractive than it has been and that
هم
a
atter apportunities for investment will
it might in found possible u less. If to issue registred rather them hare bonds. The popularity of the latter has always howen heen manily due to the fact that they aid income tax and Estate duty Evasion, so that some continued opposition is to he expects.
the
signify
Assuming that the mesury adopt same verw as the Bank I Lake it that
non-disallowance -atricing ur could now X Hong kong that the question of future issues is unosi consideration. We might at the same time ask them whether prevent consitions
registred issue more
would makes a
practicable.
If the answer is in the negatur
could then approach Masury
~ Bank again
un
に
on the lines
of
an Wallace's M. Radford's
minuter.
Martin Plank
M- Bandellon
of
coume
No. 13 gets
no
further. We could
ush the boor for his news regarding
the suggestion in the penultimate paragraph of Me 13,
A
the A of M Kelon-Shanks; munite
the Govt views
and regarding
is probable
އ
pouts, we
negative, we shall be
16
bach
on
buch
to the Tremany,
stronger priting to
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