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the securities deposited by

the

Hongkong and Shanghai Bank

against their note issue!

against

The contents.

Debentures were surrendered to

the Hong Kong

and

Shanghai

Bank on the 21st of October.

of

H.

Your Lordship's despatches have

been communicated to the Acting Colonial Secretary and Acting

Colonial Treasurer

for their

I find

from the Bank that the

enquiry

discrepancies referred to in the

paragraph 4 of the first

of the despatches under

named

guidance.

in accordance

with Your Lordship's instructions all the Title Deeds, Mortgage

Securities and China Merchants

Steam Navigation Company's

Debentures

acknowledgment were

due to a

difference in the rate of exchange.

5.

With regards

to the last

paragraph of the same despatch

I regret

that by inadvertence

the estimated value of the

properties

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