CO537-(33-34) — Page 81

y

65

PUBLIC RECORD OFFICE

Reference :-

TEREL ECO 557

33

PUBLIC RECORD OFFICE, LONDON

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO

Shanghae Bank in

all which the Hong

Kong Government have considerable deposits.

the result oping anquiries leads

das led the

Conclusion that there

is nothing in the

present condition of

these Banks who that

need cause

alarm to

Depositors, though the

Shareholders

ruffer

may

th

suffer this lous of

Dividends and the

market price of the

shares recede.

I find

that in pinancial circles

the Banks in greation

are

places, in regard Standing

to their subitof, in

the order in which I

have mentioned them

above.

Batte

deareholders.

and clientèle of the two

first

are good and

said to be far superior

to those ofther third,

which is looked upon