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681.
The Mercantile Bank of India Ltd. to Crown Agents.
Gentlemen,
30453
2. JUL
ட
15, Gracechurch Street,
London, E. C. 3.
13th July 1917.
52
Replying to your letter reference A/581, of the
11th inst., the face value of the Notes put into circulation
by our Hong Kong Branch at 15th January last was $11.22.070
which total remained unchanged at 30th April last. The
coin deposited on account of the Colonial Treasurer against
this was $5.50.000. We have also deposited with the Bank
of England against this note issue 5% War Loan for £73,700.-
and have made application for return of the fractional
£3700. In view of the rise in exchange we are handing the
Bank of England further £15,000.- 5% War Loan against this
note issue.
I am etc.
(Sgd) J.Stewart
Chief Manager.