+

470

Calcutta to Hongkong might be paid on the understanding that a remittance should in turn be made to London for the purpose of discharging the indebtedness of that Branch to the British establishment of the Disconto-Gesellschaft for $20,251. 1. 9.

Cash received by the Disconto-Gesells olaft here is

used to reduce the indebtedness to the Bank of England.

I enclose a statement showing the balances of the

various branches of the Deutsche Asiatische Bank in the books

of the London Branch of the Disoonto-Gesellschaft.

I A.

sir,

Your obedient Servant,

-2-

h. Tender

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