nearly equal to the reputed note issue of the Hong Kong Shanghai Banking Corporation circulating in the Colony on the 10th of June last.

4. On the other hand, Mr. Chamberlain is informed, by the Governor of Hong Kong that the excess note issue of the Bank authorised by a despatch of which a copy has been made with the Colonial Secretary & Insurance amounted on the 23rd January last, to $6,070,000.

5. Mr. Chamberlain would be glad to know whether the undertaking under Ordinance No. 17 of 1897 ...

RAFT.

MINUTE.

Antrobus.

Cof.

Lukas.

Graham.

E. Wingfield.

Erle of Selborne.

Chamberlain.

H. Rong 306

... have been able to transfer any part of their note circulation from the Straits Settlements to Hong Kong; and, if so, whether that step has had the effect of diminishing the necessity for the excess note issue authorised by the Ordinance No. 17 of 1899.

Jamiet.

CPL

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