CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 266

M

0024.

Queen's Building.

THE FAR EASTERN ECONOMIC REVIEW LTD.

་་

HONG KONG.

382

Tel. 32429,

21070.

13th December, 1949.

DT.

Sir,

I have to acknowledge the receipt of your letter

of December 12th, and to express the Directors' unreserved

and genuine regret and apology for the publication in the Far

Eastern Economic Review of December 8th of the passage of

which you complained.

It is a matter of the greatest regret that the editor

of the Review published such an ill-considered and unwarranted

statement. Such a publication places the Directors in a very difficult position having regard particularly to the constantly-

repeated and precise directions given to the editor as to the

policy of the paper which was founded for the purpose of assist-

ing the trade and economic interests of Hong Kong and to the directions which have been given to him to avoid in every

possible way anything which might embarrass the Government

or the work of the Exchange Control.

It may be added that the Directors hope to engage a qualified journalist from England who will assist them in the

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supervision of the Review and to avoid any such regrettable acts

on the part of the present editor but in the meantime the

strongest possible action has been taken with a view to avoiding any transgression.

The apology in the form which you wish will be

published in the next issue of the Review.

I am,

Yours faithfully,

(Sgd.) J.R. Jones

The Hon. C. G. S. Follows, C.M. G.,

Financial Secretary,

Colonial Secretariat, HCG KONG.

Chairman of Directors.