No. 3.
95
houses were forced to renew the bills, it is still not clear, from the Chamber's reasoning, why the London Acceptance System should then be more expensive than the ordinary British system of drawing through Eastern banks.
3. I see therefore no reason to change the opinion which I expressed in the second paragraph of my Confidential Despatch of the 9th February, 1916, to the effect that the degree of financial facility granted has depended upon the credit and standing of the particular applicant, and not upon his nationality.
I have, etc.,
F. H. MAY,
Goremor.
The Right Honourable
WALTER LONG, M.P.,
&c.,
&c.,
&c.
No comments yet.
Private notes are available after approval.