ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES,

FOR THE

"AGENT FOR

COLONIES

C.C

0655

114

X

12 MATO

DOWNING STREET, LONDON.

Hong Kong.

18th March 1901.

Sir,

23190

75

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 and Shanghai Banking Corporation as on the 2nd January last.

It will be observed that there is an excess of security shown.

Under Secretary of State

&c.

&c. &c.

Colonial Office.

I have the honour to be,

Sir,

Your obedient Servant,

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