A/476
CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
58
Valuation of securities held as cover for the note issue of
the bank in Hongkong and the Straits Settlements at the
lowest market prices on the 2nd January 1929.
Security
Amount
Price
Value.
£
£
Treasury 4% Bonds 1931-33
1,555,000
97
1,508,350
3ecurity required:-
1/3 $8,000,000 = $2,666,666.2/3 3 2/01/
£
$6,995,325 @
plus 1/3 of $82,140 = 27,380 @ 3.11/32d
2/01/2
Excess
1,508,350
Q
1
=986328: 6: 4
=
3819:4986,709: 15 : 8
£521,640.
4
11