549
Singapore
$1,000,000 Outstandings at 30th June
$ 160,400
Penang
$1,250,000
-do-
Hongkong
$4,000,000
-do-
$ 181,985
$4,436,230
Shanghai
$1,000,000
-do-
$ 462,866
Tls 75,635
Tientsin
$ 400,000
-do-
$ 306,700
Bangkok $ 250,000 Outstandings at 31st May.
Leaving for
emergencies $100,000
$8,000,000.
Tls 4,600
Tcs 8,007
J
UR
on
Our Manager in Hongkong has addressed the subject of raising the amount available by him from $4,000,000 to $5,000,000 and points out that if this
increase were sanctioned trouble both to him and to the
Colonial Treasurer would be lessened.
The arrangement at present in Hongkong is, that for any issue of not es in excess of the limit of $4,000,000 security shall be deposited with the Treasury therein the form of Coin or Bullion, or Coin and Bullion, equal to the whole value of such excess for the time being actually in circulation. This we do not wish to disturb in any way, but if the limit for the issue of notes by our Hongkong Branch could be raised to $5,000,000 much inconvenience would be saved
→
The appropriation of the :8,000,000 would then
be :-
Hongkong Shanghai
$5,000,000. $1,000,000.
Tientsin
400,000.
Bangkok