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Hongkong and Shanghai Banking Comeration.

Hongkong, 12th. April, 1917.

I have the honour to acknowledge receipt of your letter No. 4111/1911 of the 11th instant, and in reply beg to inform you that, should the Secretary of State for the Colonies sanction an increase of the one dollar note issue up to a limit of £700,000, this Bank would be prepared to make the issue as soon as conditions permit.

I have &c.,

(Sd.) N. J. Stabb,

Chief Manager.

The Honourable

The Colonial Secretary,

Hongkong.

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