of the Hongkong and Shanghai Bank in
that Colony, together with the Ordinance of Hong Kong, legalizing the issue
2. I am to add that from another despatch received from the Colony it appears that
on the 24th of last March the amount deposited with the
Government by the Bank's
Courier was not
the $4,500,000. 3. I am further to state that owing to
an unexpected delay in the manufacture of the
Straits Settlements notes, the notes have only been very recently put
into circulation in the Colony, and consequently there has not yet been time
for the Hongkong and Shanghai
Banks to withdraw their notes from circulation in the Straits
which was understood to be their intention. The Sir
4. Henry Blake appears to have overlooked the fact that the enclosed Ordinances
expire on the 31st of July next, so
I commend the temporary arrangement for continuing the arrangement for a further period, as he makes
5. Mr. Chamberlain concurs not to press
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