A (1) 6
The nominal amount of coins in circulation was $17,914,370 and the market value stood practically at par.
11. The local circulation of notes and Specie in Reserve of the three banks having authorised issues were as follows on 31st December:--
Note in Circulation. Specie in Reserve. Hong Kong and Shanghai Banking Corporation $59,636,538 $37,600,000 Chartered Bank of India, Australia and China 17,166,328 7,000,000 Mercantile Bank of India, Ltd. 1,928,465 750,000 Total $78,731,331 $45,350,00012. The rate of exchange for the Estimates was taken at 1s. 10d. whereas the average rate for purpose of conversion in the Treasury books was 1s. 11d.
C. McI. MESSER,
Colonial Treasurer.
2nd May, 1930.