from
GT
0128
The Mercantile Bank of Indus
40 Threadneedle Shirer,
London 66. 26th August 1898.
To the Right Honorable
Sir.
ony
Joseph Chamberlain, M. P.
10 is Majesty's Irmeipal Secretary of State
for the Colonies
Downing Sheet la.
I have been requested by this board Directors of this boat to approach you
on the following subject:
The Mercantile hauth of India funited has Branches in the Colonies of Keoughen and Singapore, and does a general tandhing
brences in these Colonies.
The Bank is the Successor of the Chartered Mercantile Bank of India, London and China, under a scheme
of reconstruction which was carried out Early in 1893- The Chanlızca Muumtih Bank of India London and China had the privilege of issuing Notes in Hongkong
and the Straits Settlements, and mi 1891, the last complate year for which statisties
are availabl, it upwards of $1.380.000 in the Straits Settlements, and $1.860.000 in Hongkong.
average
cirentation was
Under the scheme of reconstruction the present Bank tooth over all the Assets and Liabilities of its predecessor, and I may mention that the scheme was camid