objectionable, but they are very disinclined to obey those directions.
Zon will see that
warning
to reduce balances in Chartered Mercantile Bank (in conf. desp. 13745) has led them to withdraw all
from that Bank desk., on 17818/34, & frompe
refer again
that total Balan? Saz.
generally
should not exceed $200,000 including current accounts & deposits, & approve proposal to send home monthly account these Balances, reminding hu.
whenever $200,000
special report of
that
is exceeded
The rea
should be given (as directed at end of desp. 165 & 13745) say that the
present balan
deposits
on Ar
should be reduced
possible by remittances to the Agents if necessary.
8.W.3.5/12
see also 25117 Aug 2/1
RM 22/12
mo 347
Sir,
C. O. 123551
1: Z
MAGE OF NOV 87
436
Government House, Hong Kong, 14th October, 1887.
I have the honour to acknowledge the receipt of your despatch No.165 of the 27th August last, regarding Government Deposits in the
Right Honourable Henry L. Holland, Bart, M.P. Geme,
Ye