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Are
17/18
13.7
A.
474 C.
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE
CROWN AGENTS FOR THE DOLONIES, THE ABOVE REFERENCE AND THE DATE OF THIS LETTER BEING QUOTED.
TELEGRAMS, "OROWN, LONDON," TELEPHONE 7730 VICTORIA.
4, MILLBANK,
REC
c.o
18012
REG 13 APR 18
WESTMINSTER,
LONDON, S.W.1.
11/3/18 6/3/16
12th April 1916.
Sir,
c.a. 36479.
With reference to our latter of 20th July 1917 and to previous correspondence, I have the honour to enclose, for the information of the Secretary of State, the annual valuations of the securities held by us against the note issues of the Hong Kong & Shanghai Banking Corporation and the Chartered Bank of India, Australia & China, respectively.
2.
I also enclose copies of letters from the Banks as to the notes in circulation in the Straits Settlements on 31st
December 1917.
3.
The valuations show that in the case of the Chartered Bank the excess amounts to 24,732. 7. 0, and that in the case of the Hong Kong & Shanghai Banking Corporation the deficiency has increased from £769,971, 4.10. to £991,613,18. 0.
I have the honour to be,
sir,
Your obedient Servant,
Pezecaus
for Crown Agents.
The Under Secretary of State,
Colonial Office.