A/581
Mercantile Bank of India, Limited.
42
Valuation of securities held as cover for the note issue of
the bank in Hong Kong, at lowest market price on 3rd January, 1928.
Security
Amount
Price
Value
£
51% Treasury Bonds 1930 £180, 000
1011
182, 250
O 2
Notes in circulation on
31st December 1927
Less amount of co in
deposited with the Colonial Treasurer)
on} 3
1,855,310
660,000
1,195,310
Plus 5%
59.765
Security required
# 1,255,075 @2/010
128,122
の
୨
Excess
£54,127
15
3