securities to be deposited against their note issue.
His Lordship thinks it desirable that A should make a valuation once a year of all the securities deposited by the Bank, viz. in London and in Hong Kong, so that it should appear if at any such valuation that they continue to no longer represent the required amount, viz. $3,333,333, and that the other Bank should be reported to this Department and requested to deposit proportional securities to make good the deficiency.
When in order to making this valuation, the Manager of the Hong Kong Bank will be requested to cause to be furnished him with a quarterly return of the securities held in the Colony, and of the prices at which they could be realised locally at the date of the return.