COPY
.
22699/15
C. O.
4176
TRES
REG: 4 FC 13
CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
38, BISHOPSGATE,
1
To the Lords Commissioners
of His Majesty'a Treasury,
My Lords,
LONDON, E.C.
13th November 1913.
S.V.
We find it necessary to address your Lordships on the subject of the appropriation of our limit of $8,000,000 for the issue of notes. As advised in our letter of 9th August 1910 the present arrangement is
Hong Kong
Shanghai
Tientsin
$5,000,000
$1,500,000
$ 750,000
Bangkok
250,000
Singapore
Penang
$ 200,000
$ 200,000
Leaving for emergencies
$ 200,000
$8,000,000.
Our note circulation in Bangkok has been withdrawn
in favour of the Notes of the Siamese Government, and our out- standings there are only Ticals 5,111.
In the Straits Settlements we have also called in our circulation in terms of arrangements made with the Straite Government, until the outstandings have been reduced to:-
Penang
Singapore
$76,635 $74,025.
In Hongkong, where the notes of this Bank form part
of the legal tender, the demand increases steadily, and with
your
War
2.