}
THE
2?
Bechett
235
7
August, 1918.
до
Dear Grindle,
Your letter of 18th April (18012/18) and subsequent letters about the security for the note issue of the Hong Kong and Shanghai Bank:-
It looks as if no account has been taken af coin held in
The Bank give us the
Hong Kong against the nete issue.
following figures for April 30th.
Notes in Circulation.
Ordinary Issue
$15,000,000
Exceas
M
6,000,000
$21,000,000
Statutory Reserve.
Against Ordinary Issue
$10,000,000
"
Excess
6,000,000
$16,000,000
Actual Reserve,
Securities in Lendon
£283,656
=
$2,000,000
Coin in Hong Kong
17,000,000
19,000,000
Surplus Reserve
$3,000,000