HC Deb 07 March 1917 vol 91 cc364-5

asked the Secretary of State for the Colonies whether he is aware that negotiations of bills of exchange by English bankers in Ceylon is practically suspended and that the businses is drifting into the hands of native Chettys, much to the disadvantage of English firms and with the risk of establishing a local system which will ultimately affect adversely the whole colony; and what steps he proposes to take in the matter?

The SECRETARY of STATE for the COLONIES (Mr. Long)

No, Sir, I have no information on the subject, except, of course, that I am aware of the present difficuty of the banks in financing exports from Ceylon to this country—a matter which is receiving my careful and constant consideration. I will bring my hon. Friend's question to the attention of the Governor.

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