has ever
not.
دیس
approved someigns. I think
However as
write a
ther of
great deal gath
more then of c000,000,""&
as I suffone for H.K
مين
purfines someigos
arded
год
I see that therre
tu Jai? (633)
Cam
Illia.
ว
? Pull.
wa
2
It is
clear to
have the
find it advantage
Ն
No 378
smilar deponit deposit to 14921.
at 27.
the dolla
Sir.
38093-
Rra$ 27 NOV I
GOVERNMENT HOUSE,
HONGKONG, 3rd. November, 1911.
In continuation of my Despatch No. 129
of the 11th. of last April, I have the honour to transmit to you the enclosed certificate signed by an Officer representing the Colonial Secretary and by the Colonial Treasurer as to the amount of silver dollars exchanged for sovereigns as deposit in respect of the note issue of the Hongkong and Shanghai
Banking Corporation.
I have the honour to be,
This question was raised in minutes some 7 or 8 years
ago,
I fancy, and the S. of S. either formally appro-
ved or let the matter pass without question. It is
quite safe, since if the dollar went above 2/- we
could immediately require an additional pessit
deposit to cover the deficiency. As regards the Bank,
they find it no doubt convenient to hold a certain
reserve of gold, and this reserve they can deposit
temporarily with the Govt., knowing that they can
alwys get it out again by reducing their excess
note issue,
Put by.
Al
by firming
m LE
rother in sxchange for the fold
瞅
h
THE RIGHT HONOURABLE
LEWIS HARCOURT, M.P.,
&C..
&C..
&c...
Sir,
Your most obedient,
humble servant,
Governor, &c..
1