8.
A/4740
FROM THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
TO THE CROWN AGENTS FOR THE COLONIES.
38, Bishopsgate,
Gentlemen,
London
E.C. 2.
7th February, 1928.
40
In reply to your letter of 19th ultimo
(A/474c) the amounts of this Bank's Notes in circulation
on 31st December 1927, according to Returns in our
possession were:-
Hongkong
Penang.
Singapore
$17,036.370.
$39,900.
$42,580.
As you are aware the whole of our Note Issue
is secured by the deposit of Securities with the Bank of
England in the name of The Permanent Under Secretary of
State for the Colonies and the Crown Agents for the time
being, which on 31st December 1927 were valued at
£1,492,075.
In addition the amount of coin held in
Hongkong was $5,800,000 which is kept in a separate
Treasury the keys of which are held by the Government.
I am, Gentlemen,
Yours faithfully,
(sgd) W.H. Sinner,
Secretary.
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