While understanding that the total amount is not placed in one Bank I am prepared to sanction the increase of the limit (including the Praza fund as well as ordinary Balances to $350,000 balance & Sept out of This amount, the Current at the Hongkong & Shanghai Bank ordinary expenditure must never exceed as a rule $125,000 but should not exceed $100,000; and while the other amounts in each of the other Banks should not exceed $75,000
DRAFT.
MINUTE. 425 the Praza Reclamation Works are being carried out, I desire that a second and current account be opened at another Bank. for the current Expenses of those Works, which account should not exceed $75,000 (and might probably be less). A further portion of the Praza Fund should be placed on deposit
Page ...
Mr. Wingfield. Mr. Bramston. Mr. Meade. Sir R. Herbert. Baron de Worms. Lord Knutsford.