HONGKONG & SHANGHAI BANKING CORPORATION, 31, LOMBARD STREET, LONDON, E.C.
27th August 1908.
R.F.Wilkins Esq.,
The Treasury,
Whitehall, London.
Dear Sir,
Referring to my letter of the 17th June, I have now received the desired information from our Head Office, Hongkong. They confirm that the competition of the Portuguese Bank Notes in Hongkong, although present, has not so far assumed serious importance. From the enquiries they have made it appears that the Merchants, Agents in Hongkong of the Banco Nacional Ultramarino (Messrs A.V.Apcar and Company) find that about $30,000 of Macao Notes come into their hands weekly to be returned at frequent intervals to Macao for the purpose of being cleared. Notes principally find their way into the Colony in the ordinary course of trade between Macao and Hongkong and also in the Exchange shops which bring them for the purpose of subsidiary coin, which at present is at a considerable discount.
I am,
Dear Sir,
Yours faithfully,
(sd) C. L. ADDIS
Manager.
COPY
Read Form WurWilkins
Attach to 23697.