ALL COMMUNICATIONS
TO BE ADDRESSED TO THE
CROWN AGENTS FOR THE COLONIES.
PRESSING.
Sir,
Hong Kong.
0.0.
14589
500
Rect
DOWNING STREET, LONDON.
10th July
1896.
10th July 1896.
I have the honour to enclose, in original to be
returned, a letter dated the 10th instant which we have
received from the Hong Kong and Shanghai Banking Corporation applying for permission to make certain alterations in the
securities deposited with us as Trustees for the Hong Kong
Government in connection with the Note Issue of that Bank.
At present prices the value of the securities, if
this exchange is permitted, will exceed the amount of the
Reserve which the Bank is required to deposit and we propose, with Mr Secretary Chamberlain's concurrence, to accede to the Bank's request. I enclose for the signature of Sir R. Meade
the letter to the Bank of England which is required for the
completion of the transaction.
I have the honour to be,
The Hon'
ble
Sir R.H. Meade K.C.B.
Colonial Office.
Sir,
Your Obedient Servant,