A
474 B
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE CROWN AGENTS FOR THE COLONIES, THE ABOVE REFERENCE AND THE DATE OF THIS LETTER BEINd' QUOTED.
TELEGRAMS "OROWN, LONDON." TELEPHONE 7730 VICTORIA.
PRESSING
sir,
4, MILLBANK,
1
REC
C C
3324
64
REG 19 JAN 181
WESTMINSTER,
LONDON, S.W.1.
18th January 1918.
I have the honour to report that the Chartered Bank of India Australia and China has applied to us for the release of £30,000 Ceylon 3 Stock certificates and £10,000 Cape of Good Hope 3% Stock certificates held as security for the Bank's Note Issue in Hong Kong and the Straits Settlements in exchange for £27,000 Bengal Nagpur Railway 34% Debentures
due lat June 1919.
The present approximate values of the Securities
are as follows:-
7
£30,000 Ceylon 3 Stock
£10,000 Cape of Good Hope 3% Stock 227,000 Bengal Nagpur Railway 3%
Debentures
£20,100 6, 200
£27,810
The Bengal Nagpur Railway Debentures, although guaranteed
and the
are not Trustee securities, by the Indian Government, exchange requested by the Bank 1g gimilar to the exchange
the Lords of Securities referred to in the letter from Commissioners of His Majesty's Treasury dated the 28th of October 1912. a copy of which was forwarded to us with your letter No 34328 of the 2nd of November 1912.
The Chartered Bank informs us that the matter is urgent, and we shall be obliged, therefore, if we may be informed whether the Secretary of State approves of the ex-
In the circumstances we do not see change of securities.
that there can be any objection to the exchange proposed.
I have the honour to be,
The Under Secretary of State,
Colonial Office,
S.W.1.
Sir,
Your obedient servant,
Ofrechus
for Grown Agents.
cil
D.
d