Liability Acts and in the fear that the Colony would be swamped with
Banke
registered
under these Stets. This Bank however is the uistitution
only
that has ever been started with power
under these stets to issue notes.
Our note circulation is a
very small one and only $450,000 is issued in the Colony of stong king and which
Itoughing under the local Ordinance passed in March last can never be increased without the direct sanction of the Go-
vernment.
our
We beg to submit in support of application that our note issue
has been freely accepted and well received by the Public (as is evidenced by the monthly statement of our notes in circulation now published in the Government Gazette) and that it would be a convenience to the Public if the Government Offices were per= mitted / during the discretion of tis
Excellency
varioris
556
Excellency the Governor ] to acceptour
notes in the same manner as those
of other Banks and the cheques of firms and individuals are received. Whe
believe that we are correct in that
notes
saying uoneys collected as the various Government Offices are, · paid in daily to the Government Bankers, if our – were so received and paid in to the credit of the different accounts the Government Bankers woved in- mediately give credit for their as the Hong Kong and thoughai Banking
Corporation with whom the Govern. ment keeps its accounts accepts &
cash, although the Govern=
notes as
our
convenienc
ment Offices are not allowed to do so. That it would be a great to the Public and expecially to the Chines is a statement which can be verified. by this Excellency's Officers here and we would feel much obliged if His Excellency would cause enquirie
10