HONG KONG & SHANGHAI BANKING CORPORAT

Valuation of Securities held as cover for the note issue

of that Bank $10,000,000 at the prices of 3rd January 1899

Bols 23% £177,000 110 £196,027. 10/- da 3% 10,000 100 10,000 15,000 107 16,050 1131% 10,000 105 10,500 ern falia 4% 25,000 237,000 106 E 34% Loan 1854/55 26.500 259,077. 10/- Rs.1,875,000 @ 62½ 117,187. 10/-

£376,265.

@ Ex. 1/114

1/11 per 8,842,706.

Amount of Security required

1/3rd $10,000,000 excess

3,333,3 $ 509,373

333

Note $2,000,000 have been deposited in Hong Kong as per certificate of the Colonial Treasurer dated 30th September 1898 in respect of a special note issue,

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