To the Editor of the "Norru-Cama Datty News."
Sir,—In: your issue of the Ist instant, "Depositor" calls attention ta the announcement that the Banque proposes to "reimburse" depositors by means of francs bonds, without interest and repayable in 25 years.
Even if such bonds are ever likely to be honoured, they will be of little use to the majority of de positors, who, 25 years hence, will Erobably be in that undiscovered country from which no traveller returns.
As to the sale of such bonds—who, with our recent experience, would care to purchase them? Again, where are the French as a nation, likely to be in 25 years time? Sure ly, by their present course, they are putting a rod in pickle for the future. Further, the Banque /proposes to estimate its liabilities in francs at the rates existing on July 26, 1921, the date of its closing! Truly an amazing scheme which can give no real satisfaction to anybody interested. Let us hope that 'De positor's" suggestion will be adopted, viz:—that we should petition the British authorities to give the banque to understand that' be fore they are allowed to reopen in British possessions, all depositors, irrespective of domicile, must be repaid in cash: I am, ete, Tsingtao, March 3, 1923.
Text read from the printed page and cleaned; old type leaves the occasional error.