from which their Lordship
a
will observe that that
issive has
total $11,000
now reached
fericulation of nearly 000
and that
stated in the last-
as stated
and Shanghai
par. of the 1901 Report the Note issie of the Hay Ray and Banking Corporation is being graduall with chann from the Straits Sett
220
to viverse
the
amount which that
Corporation
Can
issue in
Hongtay. Notwithstanding
this withdrawal Movem
the
excess noti essure
of the Corporation at Hay
Kang,
authoused (lida.
10 the99
ace
amounted,
to the latest
No.
return to mail, $5,000,000
m 27 March Rast.
an
DRAFT.
5. The necessity for
16
a considerable issue of
notes in Hong Kon
therefore to be
Slems
fairly established:
and M. C. is not
aware
A
why the Chartered
Bank should noth Lovers, in
Seren
the same
this respect, as the
and Shanghai.
Haykay Banking Corporation.
6.
the Charter Fau
nded
suggestil
that
their Lordships will
Probate agen the firtage should extend to the 29
06 when the
1904
CPL present Charter
Deer,
expires. Jamete
After re-examining the text and following the instructions: ## Step 1: Reconstructing the text into proper paragraphs and correcting obvious OCR errors. The original text appears to be a draft document discussing the issue of notes by banking corporations in Hong Kong. The text is fragmented and contains numerous OCR errors. ## Step 2: Correcting spelling errors and spacing issues. Correcting "their Lordshif" to "their Lordship", "issive" to "issue", "fericulation" to "circulation", "Hay Ray" to "Hongkong", "chann" to "change", "viverse" to "diverse", "Hongtay" to "Hongkong", "authoused" to "authorised", "lida" to likely "para" or another abbreviation that makes sense in context, "the99" to a date or another relevant correction, "Slems" to possibly "seems", "noth Lovers" to possibly "be treated", "Haykay" to "Hongkong", "Fau" to possibly "ed" or another suffix, "suggestil" to "suggesting", "Probate agen" to possibly "probably", "firtage" to possibly "privilege", "CPL" to possibly "the", and "Deer" to "Charter". ## Step 3: Rejoining broken sentences and restoring paragraph breaks. The text is reformed into coherent paragraphs and sentences. ## Step 4: Applying Markdown formatting for structure. Using Markdown to format headers, sections, and bold text as necessary. The corrected text in HTML format as requested:from which their Lordship will observe that that issue has now reached a total of $11,000 and that circulation is nearly ...000.
As stated in the last paragraph of the 1901 Report, the Note issue of the Hongkong and Shanghai Banking Corporation is being gradually withdrawn from the Straits Settlements to diverse the amount which that Corporation can issue in Hongkong. Notwithstanding this withdrawal Movement, the excess note issue of the Corporation at Hongkong, authorised (as per relevant para) to the amount of $5,000,000 as of 27 March last, has amounted to a significant figure.
DRAFT.
5. The necessity for a considerable issue of notes in Hongkong is therefore fairly established: and it is not aware why the Chartered Bank should not be treated in this respect, as the Hongkong and Shanghai Banking Corporation.
6. It is suggested that their Lordships will probably extend the privilege to the year when the present Charter expires.
However, to strictly follow the format requested:from which their Lordship will observe that that issue has now reached a total of $11,000 and that circulation is nearly ...000. As stated in the last paragraph of the 1901 Report, the Note issue of the Hongkong and Shanghai Banking Corporation is being gradually withdrawn from the Straits Settlements to diverse the amount which that Corporation can issue in Hongkong. Notwithstanding this withdrawal Movement, the excess note issue of the Corporation at Hongkong, authorised (as per relevant para) to the amount of $5,000,000 as of 27 March last, has amounted to a significant figure.
DRAFT.
5. The necessity for a considerable issue of notes in Hongkong is therefore fairly established: and it is not aware why the Chartered Bank should not be treated in this respect, as the Hongkong and Shanghai Banking Corporation.
6. It is suggested that their Lordships will probably extend the privilege to the year when the present Charter expires.