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588 577-
Chartered Bank of India Australia & China.
Hatton Court, Threadneedle Street.
London 7th July 1898.
To the Lords Commissioners
of Her Majesty's Treasury
Whitehall S.W.
C. 0.
15340
REC
11 JUL 20
My Lords,
With reference to our letter of 15th June 1897, in which we gave you particulars of the appropriation of the limit for our Note Issue, we have now to inform your
Lordships that the amounts have been altered as follows
Penang
Singapore
Hongkong
Shanghai
Bangkok
Leaving unappropriated
Total
$2,000,000
$2,000,000 $3,000,000 500,000 100,000
$7,600,000
400,000
$8,000,000.
For the whole amount of the limit, security
has been deposited in London, Singapore, and HongKong. To
prevent any misunderstanding, however, we shall be glad
if you will telegraph at our expense, to the Colonial
Treasurer in Hongkong, authorising the increase in the
limit at that point from $2,750,000 to $3,000,000, and
instruct him to receive from our Manager there Cash as
security to the extent of $83,334, being one third of
the additional amount of $250,000. This will leave an
aggregate amount of security in excess of that required,
and we will communicate with Your Lordships on this subject
later on, when it may be more convenient to you.
I have the honour to be, My Lords,
Your most obedient servant,
(Sd) Wm.Hoggan
Secretary.