0931 NT 520
Treasury Chambers.
21st April, 1909.
440
bial
sir,
In reply to your letter of the 7th instant, I am directed by the Lords Commissioners of His Majesty's Treasury to inform you that they have now under consideration the issue of a new Charter to the Chartered Bank of India, Australia and China, one of the Banks possessing the right of note-issue in Hong Kong.
No material alterations in the conditions of the Bank's note issue are at present contemplated, and it does not appear to Their Lordships that the interests of the Mercantile Bank of India, Limited, are directly concerned in the matter.
They will, however, be prepared to give Their careful consideration to any representations which you may think proper to submit to Them in writing on the subject of the proposed
renewal of the Charter.
The question of the establishment of a Government note issue in Hong Kong, or the bestowal of note issue privileges
upon your Bank, is primarily one for the consideration of the
Colonial Government, and My Lords would therefore be precluded from entering into direct discussion with you on these subjects.
I am,
sir,
Your obedient Servant,
The Chief Manager,
(Signed) G. H. Murray,
The Mercantile Bank of India, Ltd.,
40, Threadneedle Street,
B. C.