A.
581.
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE
GROWN AGENTS FOR THE DOLONIES,
THE ABOVE REFERENCE AND THE
DATE OF THIS LETTER BEING QUOTED.
TELEGRAMB,"OROWN, LONDON"
TELEPHONE 7780 VICTORIA (0 LINKS)
3.2.14.
sir,
C. O. 5425
404
WHITEHALL GARDENS.
LONDON, S. W.
12th February 1914.
I have the honour to enclose a
valuation of the Stocks held as security
for the note issue of the Mercantile Bank
of India in Hong Kong, and also a copy of
a letter which we have received from that
Bank stating the amount of notes in circu-
lation, and the amount of coin deposited with the
Colonial Treasurer, on the 1st January 1914.
2. The valuation has been calculated
at the lowest prices of the 2nd January, and
shows a surplus of 215,520.10.10. The
amount of security required has been calculated
in accordance with section 4 of the Ordinance
No.65 of 1911, 1.8., that the amount of such
securities shall be equal in value to the
difference between the amount of the coin
deposited and the face value of the notes
in circulation with the addition of five
per centum.
I have the honour to be, Sir,
Your opedient servant,
Jucher
for Crown Agents.
Under Secretary of State,
&c., &c., &.......
Colonial office.