opy
Rece
571
c. d.
9322
Hong Kong & Shanghai Banking Corporation to Crown Agents.
31 MAY 34!
31 Lombard Street, London, E.C.
28th May 1894.
Gentlemen,
With reference to the securities which we have deposit-
ed in your hands as trustees for the Hong Kong Government, we
beg to apply to you for permission to withdraw £35,000
Chinese Bonds, a portion of which are drawn for repayment at par
on 1st June.
6%
After this withdrawal the securities remaining in your
hands will be as follows:-
£ 295,000 23 % Consols at
25,000 4 % Western Australia 104
10,000 3 %% Canada
10,000 3 %
101
£ 297,950
26,000
962
9,650
Natal
1004
10,025
15,000
34 %
Cape
1051
15,862
£ 355.000
present value £ 359, 467
This sterling total of £359,487 converted into Dollars
s d
at the exchange of 2/2 = $3,318,349.- and as the Chinese Silver
Loan Bonds in the hands of the Hong Kong Government amount to $124,000 (of which $42,000 will be drawn for repayment at par on
9th July next) there will remain in Hong Kong a balance of
$82,000.
The $3,318,349
added to the
gives
for
a surplus of
82,000
$3,400,349 $3,333,333
in London
in Hong Kong
as cover
and shews
67 016 deposited
3 å
We have taken the exchange at 2/2 but the present rate
s d
in Hong Kong for telegraphic transfers on London is 2/1, and if
we
1.