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MERCANTILE BANK OF INDIA.

VALUATION of SECURITIES held as cover for the

Note Issue of that Bank in Hong Kong, at the

price of 2nd January 1914.

405

Name of Security

Nominal Amount.

Price.

Value

Trustees of Port of Bombay

4% Debentures.

Madras and South Mahratta

Railway Company 4% Debenture Stook 1938.

€10,000

93

£ 9,300.0.0.

35,000

98

34.300. 0.0.

Southern Punjab Railway

Company 4% Cumulative Preference Stock.

23,040

89

20,505.12.0.

264,105.12.0,

AMOUNT OF SECURITY REQUIRED.

Notes in circulation on 1st January 1914.

Plus 5%

$ 9.07.500.

45.375.

DEDUCT Amount of coin deposited with

Colonial Treasurer on 1st January 1914.

$ 9.52.875.

4.50.000

$5.02.875.

=

$5.02.875 @ 1/11. £48585. 1. 2.

EXCESS.

£15520.10.10.

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