CSO No.1428.

Hong Kong, 13 May, 1879. (Received 15 May, 1879)

Acting Treasurer [H. Hubbe, C. May] to Acting Colonial Secretary [C. C. Smith]

Oriental Bank - Encloses a letter from the Manager of

Stating that the interest allowed on deposit, account be reduced to 4 per cent.

2.

Copy

Acting Colonial Secretary to Manager Hongkong & Shanghai Bank

Colonial Secretary's Office,

Hongkong, 20th May, 1879.

Referring to your conversation on Tuesday the 14th instant, & am directed by His Excellency The Governor to propose to you to take charge of the current account of the Government on the condition that interest at the rate of two per centum on the minimum daily balances be allowed.

The Government will keep ...

The Honourable

James Greig,

Manager of the Hongkong and Shanghai Banking Corporation.

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