Telegram
No.
Inoon 34
Date.
1893
3rd instant
Previous Paper.
2457
Annex, 57:
March
It
No.
No. 4077
(Subject,)
Govt Bank Balances
"
11
4077
DESPATCH.
(RS 11 MAR 93)
With reference to your despatch, I quote that situation
but recommend that para all arrived for reasons
in Hongkong
th aforesaid
#4
B.
a.
Re: Bank balances in the Mercantile Bank
Mr. Freemantle
See also 4599
was decided (after correspondence)
a
in depth.
348
C anything
15/7850
that the total moneys in the Banks should not exceed $350,000, in following proportions:
1. Hongkong & Shanghai Bank, not exceeding $175,000
2. Chartered Bank of India, about $75,000
3. New Oriental Bank $50,000
4. Chartered Mercantile Bank $50,000 (or $75,000)
Total $350,000
For your present Paper (3) having ceased to Exist and (4) being
subsequent
51640
For you
16
1975 3
02
under process of reconstruction, there are at present only two Banks, perhaps that