A.
474 C.
ALL COMMUNICATIONS
TO BE ADDREBBED TO THE
GROWN AGENTS FOR THE OOLONIES, THE ABOVE REFERENCE AND THE
DATE OF THIS LETTER BEING QUOTED.
TELEGRAMS, "CROWN, LONDON."
TELEPHONE 7780 VICTORIA (8 LINE)
2069
90
WHITEHALL GARDENS,
15
LONDON, S. W.
22nd. February, 1915.
Feb/15.
Ca
Sir, 426/4
With reference to our letter of the 12th.
of February 1914, I have the honour to enclose, for
the information of the Secretary of State, the annual
valuations of the securities held against the note
issues of the Hong Kong and Shanghai Banking Corporation
and the Chartered Bank of India, Australia, and China,
respectively, at the beginning of the year 1915.
2. The valuations show, in the case of the
Chartered Bank an excess of security over the amount
required to the extent of £52,040.9.5, and as regards
the Hong Kong and Shanghai Banking Corporation a
deficiency of £388,423.5.3.
3. It will be observed that the position in the
case of each valuation is more favourable than at the
beginning of the year 1914,
4. I enclose copies of letters from the Banks
as to the notes in circulation in the Straits Settlements
on the 31st. of December 1914.
Under Secretary of State,
&c. &c.
&C. +
Colonial Office.
I have the honour to be,
Sir,
Your obedient Servant,
Rf. Airbus.