A/581
MERCANTILE BANK OF INDIA, LTD.
25
Valuation of securities held as cover for the note issue
of the bank in Hong Kong at lowest market prices on
2nd January 1930.
Security
5% Treasury Bonds 1933/35
Amount
Price
Value
£
d
£180,000
100 181,350.
Notes in circulation on 1st January 1930.
B 1,979,920
Less amount of coin
deposited with the
Colonial Treasurer
on 31st December 1929)
750,000
1,229,920
Plus 5%
61,496
Security required
1,291,416
1s/8d
107,618.
Excess
£73,732.