ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES.

Hong Kong.

C.O.

9285

20

145

من العمر

YP 23 MAR 0

DOWNING STREET, LONDON.

22nd March

190 0

reas

23140

Sir,

Referring to your letter dated the 8th January

1896, I have the honour to enclose the valuation of the

securities held against the note issue of the Hong Kong & Shanghai Banking Corporation as on 2nd January last. It will be observed that an excess of security is shown which has since been further increased by the rise

in prices.

The certificate of the Colonial Treasurer

dated 31st December last shews that the sum of $5,000,000

has been deposited in Hong Kong as cover for a special note issue in excess of the limit of $10,000,000.

I have the honour to be,

sir,

Your Obedient Servant,

mtdemauill

Under Secretary of State,

Colonial Office.

Page 150Page 151

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