China
The National Bank of China Limited.
ELEGRAPHIC ADDRESS,
PRADORE. LONDON.
TELEPHONE NO
152 P.O. CENTRAL.
My Lord,
61. Ald. Broad Street.
London
EC.
18th July 1908.
522
27178
Rece Red 25 JUL 06:
I am directed by my Head Office in Hong Kong to address you upon the subject of the Note Issue of the Bank and in connection therewith to refer to correspondence which took place in the year 1895, of which copies are enclosed.
The Bank was in existence previous to the Hong Kong Ordinance of 20th March 1895 and is consequently in a position to issue Bank Notes to the extent to which it had then actually issued Notes. Under the Ordinance in question it is open to the Hong Kong Government to authorise the extension of the issue.
It is most important in the interest of the Bank that the Notes of the Bank should be accepted by the Government Departments in the Colony; and the progress which the Bank's business has made since its inauguration some fifteen years ago, justifies the Directors in their request that facilities should be given to them by the Authorities at home and in the Colony.
I am accordingly directed to ask your Lordship to be good enough to sanction the acceptance of the Notes of the Bank in the Government Offices in the colony. Should your Lordship require as a condition that the Bank should adopt the suggestion put forward in the