the privilege conferred
upon the Hongkong
and Shanghai
Banking Corporation
and Shanghai
by
Ordinance No 2 of 1897 and No 19 of 1900
in
respect to the issue
of notes for Hongkong circulation.
of notes authorised
in excess of the maximum
stated,
hereafter
be placed
2. Mr. C. would
have to be informed whether their Lordships have any objection
to
such an amendment of the Charter of this
Bank
as
would
place the Bank's
Position
the same as the Hongkong and Shanghai Banking
Corporation, subject to
the same conditions as
prescribed by the
two Ordinances referred to
above.
3.
I am to
remind
their Lordships that it appears from the letter of the 24th Dec. last (No.20298/01)
that the Bank has
somewhat reduced
already
its note circulation with Straits Settlements, with a view to increase its circulation
at Hongkong.
4.
In this
connection I am to refer
to
Your letter of the 28th May, 1900, from this Office and
to enclose
copies of the Annual Reports on the Straits Settlements Note Issue for 1900 and 1901,