414
516
Find would barely suffice to make the adjustment.
You will readily notice the completed security we give the holders of our notes as compared with what the above Banks do.
In the Chief Manager's letter to the Colonial Secretary dated 8th June 1889, he gives the aggregate of issue of the Bank as $6,791,838 on the 30th April last. I consider said amount very much above the average. Even $5,000,000 is more than we usually have in circulation. I have seen the circulation in Hongkong down to about $900,000 in a time of pressure, when silver was required for shipment to Canton and elsewhere;
against $3,025,437 the amount in circulation on 30th April last. I have known the circulation as in Singapore and Penang down to $600,000 or $700,000 against $1,874,150 as referred to in the statement re
In times of monetary pressure our note circulation becomes very small. The Chinese then want
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