6
impresible
susessary
that either
его
no should
Rept,
ther of me
spare
the time, and, in view of the trouble given at the Bank, where a key would also be I should expect a request to transfer Government account danwhere . The precaution suggested would, I need not
the
say, be very offensive.
to the Bank.
Authorities, who deal with much larger sums than the Government Balance .
Giving no two
per cent
cent on our current
"account, they naturally expect to have the the
Aree
1 of the funds deposited. Moreover the
amount
received
Bank
of gratuitous assistance
· from the Hongkong
very
we
and Than
Shanghai
considerable. The Bank,
for instance, takes charge of the whole
landing
'duty of counting, verifying, storing
isening
all our Subsidiary
and
coms, without
any charge whatever . As an aveet they
weless, inromuch.
on-
ao
they
are
are issued only
чер
presentation of Orders from the dream rop The Bank practically keeps a portion of the Accounts of the Colony, receiving daily
payments
be accounts at the end
616 7
and
of the week.
payments from Collectors of Revenue.
then transferring the totals to their respective It allows us interest, nominally for
to
deposit money
at 5 per cent.
three months
certorin; but really at call, and in
other.
many
ways cooperater with the Treasury. It would cost the Government no
small sum.
extra
if we fouilities for ourselves. No other Bank here could or would,
or would grant them, and that reason alone I deprecate any
we had to provide all these
for
arrangement which might disturb the existing satisfactory state of things. (Signed) A Lister,
Acting Auditor General
11th December, 1889.