$
341
H
*
to be so approved or partly such coin and partly such
'securities equal to one third of the maximum amount of
Notes Eight million dollars issuable by the said Company
such coin or securities to be held by the said Crown
"Agents or by the said Trustees separately or jointly
*as special funds exclusively available for the redemp-
篇
tion of the promissory notes issued by the said Company
&c.",
and our Head Office in London advised us in a letter dated
11th. June, 1897, that the limit in this Colony had been fixed
at the suggestion of the Bank and for its convenience at
at Singapore.
$2,750,000
2,000,000
at Penang. . . . . .
2,000,000
B
and reserved for Shanghai and Bangkok.
.1,250,000
or the maximum issue of.
.$8,000,000
which must on no account be exceeded, although we understand
within that limit local amounts may vary, Securities and coin
equal to one third of the maximum amount of Eight million
dollars have been deposited with the Home Authorities and the
Colonial Governments. We have been doing our very utmost pos-
sible and straining every nerve to keep our circulation within
the limit of $2,750,000, but we have found it at times abso-
lutely impossible to keep within the limit allotted to Hong-
Kong. The payees of Cheques, drafts, and telegraphic transfers
upon us positively refuse to receive payment in silver dollars
we