!
}
Foreign
for
the Notes issued
by the Hongkong and
Shanghai Bank should not
at mee
be raised increased
in consequence of the
increase in the paid up
Capital of the Bank, but
be allowed &
Should remain at its
A
present
t until
amount,
the actual note issue
Exceeded $7,500,000.
I am to inform
Un bil. of the Trenery
Ju
that the Landships
after full conson of
ther Back's representa-
constrained.
from $47,500,000 2710,000,00
Made by the Banks,
watched
tions feel c to refuse their assent
39
to the application. It
was not without some
pesitatin that their
Dr consented to reduce
the Security from
whole to only.
ore-
th
third
of this Jesus (as limitar
by the (apital);
and
apart from other considerations, the
complications & the
difficulty of securing
observance of them proposed
are,
new rule
in the opinion of
their Ludships reasons
against any further
Concession.
Accordingly additional
securit