345
The half yearly balance sheets
o fune
to 30.
and 31th December 1890
show the note circulation have been $6.478.448, and
$6.188.962, respectively.
As the balance sheet of the Bank is always handed into the Colonial Government in Hongkong immediately. publication, the Colonial Treasurer would at once see if the note circulation ever exceeded $7.500.000 . Further we would again refer to the security the note holders of the Bank have in the event of the Bank's suspension - they would receive payment in full, not ranking
ad
ordinary creditors, the liability. of the shareholders of the Bank being unlimited
the note issue.
We
ad
regards