Issue notes in
the
S.S
the amendment of its Articles of Association,
S.; although we should have the power of damaging those notes by refusing to accept them at the Treasury, we suggest to the Straits to pass
AM
Ordinance similar to the H.K
K
1. Kong
pass
WAGER.
A note to
ADDRESS LONDON
As to any alteration of help not wanted
we cannot possibly settle the
for some
months to come; and we had better
inform the Bank that we should not
be able to return them on this account before the meeting of their
shareholders,
as some
time must elapse
before the Governor's reply on the subject can be expected.
Cam sony
W Graham
C.W. J: 27/2
I have discussed this so
I have talked this over with Johnson and I agree
with her minute. The Bank shareholders have "thought of this at the time of the reconstruction (1893). I think in view of the
for some time it would be advisable to pass an
ordinance like 2 of 1875 (Hongkong)
HEB
27/2
The letter to the Bank has been returned; pass this
on to you to forward.
CW.J (AF)
4/4
THE MERCANTILE BANK OF INDIA, LIMITED.
20, Threadneedle Street
London: 9 February 1899.
3437
Rec'd 10 FEB 39
I have the honor to acknowledge the receipt of your letter 19414/98, of the 30th ulto, in
reference to mine to all. Secretary (Chamberlain 26th August last.
In your letter you inform me that, as a
result of the
Government Note Scheme being introduced into the Colony
of the Straits Settlements,
there
was
the question of Extending to another bank the right of issuing Notes for circulation in that Colony, but as
regards Hong Kong you say
that the question of a Government note scheme is under consideration, and that a further communication would be addressed to me
when that question is settled:
Your letter has been submitted to
my
Directors, and
I am desired by them respectfully to point out that, even
as regards the Straits Settlements, the granting the application
of the 26th August last, can scarcely be considered as Extending the right of issuing Notes for circulation in that Colony
as the Bank
is a mere reconstruction of the Chartered Mercantile Bank of India London offices, accepting, and taking over, the whole
6/4