581

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

GROWN AGENTS FOR THE COLONIES,

THE ABOVE REFERENCE AND THE

DATE OF THI. ETTER BEING QUOTED.

TELEGRAM8,"GROWN, LONDON." TELEPHONE 7750 VIOTORIA.

са

-889466.

.7.17.

sir,

30453

Mar 21 JUL 17

COAT

4. MILLBANK.

WESTMINSTER,

50

LONDON, S.W. 1,

20th July 1917.

With reference to our letter of the 21st November

last I have the honour to enclose a valuation of the stocks

*

held by us as security for the note issue of the Mercantile

Bank of India in Hong Kong, together with a copy of a

letter from the Bank stating the value of the notes in

circulation and the amount of coin deposited with the

Colonial Treasurer on the 30th April.

The value of the £15,000 5% War Loan which the

Mercantile Bank have deposited with the Bank of England is

£4645,8.0. in excess of the amount which is required to

extinguish the deficiency of £9529.12.0. and we are therefore,

to taking the necessary steps to release/the Kercantile Bank

of India £3700

5% War Loan as requested in their letter.

I have the honour to be,

Sir,

Your obedient servant,

Under Secretary of State,

Colonial Office,

S. " 1,

репатот

for Crown Agents.

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