the credit side." I note,
Moreover, from the return of the Government Bank on March 29, Balances, which was enclosed in your despatch No. 135 of the 9th April, that all cash nominal balance to the credit of Govt was $514,000 at the Hongkong and Shanghai Bank, amounting to $1,170,000.
This draft will in all probability be greatly increased when the Town Agent's drafts for the silver purchased in connection with the requisitions for subsidising troops (nearly $472,000) under execution are received.
I understand that those drafts are not for the amount of $2,000,000.
3. Even if, as you anticipate, all the subsidiary camps in hand are sold by the end of the month, this will evidently only result in reducing the draft to about $1,500,000; and I take it that the camp which is being utilised will for the greater part not be disposed of until the Chinese New Year.
4. It follows that the greater part of the current...