A/581.
MERCANTILE BANK OF INDIA LIMITED.
Valuation of security held as cover for the note issue
of the bank in Hong Kong, at lowest market price on
2nd January 1929.
Security
51% Treasury Bonds 1930
Notes in circulation on
1st January 1929
Amount,
Price.
Value
£180,000
101
£181,800
1,817,610
65
Less amount of coin deposited with the Colonial Treasurer.
660,000
1,157,610
Plus 5%
57,880
Security required
1,215,490
@ 2/01/2
124,081. 5. 5.
Excess
£ 57,718.14. 7