AnnualReport-1926 — Page 47

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11. The local circulation of notes and Specie in Reserve of the three Banks having authorized issues were as follows on 31st December:-

Notes in Circulation Specie in Reserve Hong Kong & Shanghai Banking Corporation $50,842,258 $15,612,909 Chartered Bank of India, Australia & China $35,700,000 $5,800,000 Mercantile Bank of India $1,730,584 $580,000 $68,185,751 $42,080,000

12. The rate of exchange for the Estimates was taken at 2/2 whereas the average rate for purposes of conversion in the Treasury books was 2/21.

30th May, 1927.

C. McI. MESSER,

Treasurer.

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11. The local circulation of notes and Specie in Reserve of the three Banks having authorized issues were as follows on 31st December:- Notes in Circulation Specie in Reserve Hong Kong & Shanghai Banking Corporation $50,842,258 $15,612,909 Chartered Bank of India, Australia & China $35,700,000 $5,800,000 Mercantile Bank of India $1,730,584 $580,000 $68,185,751 $42,080,000 12. The rate of exchange for the Estimates was taken at 2/2 whereas the average rate for purposes of conversion in the Treasury books was 2/21. 30th May, 1927. C. McI. MESSER, Treasurer.
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A (1) 7 11. The local circulation of notes and Specie in Reserve of the three Banks having authorized issues were as follows on 31st December:- Notes in Circulation Specie in Reserve Hong Kong & Shanghai Banking Corporation Chartered Bank of India, Australia & China $50,842,258 $35,700,000 15,612,909 5,800,000 Mercantile Bank of India 1,730,584 580,000 • $68,185,751 $42,080,000 12. The rate of exchange for the Estimates was taken at 2/2 whereas the average rate for purposes of conversion in the Treasury books was 2/21. 30th May, 1927. C. McI. MESSER, Treasurer.
2026-05-07 11:37:02 · Baseline
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A (1) 7

11. The local circulation of notes and Specie in Reserve of the three Banks having authorized issues were as follows on 31st December:-

Notes in Circulation

Specie in Reserve

Hong Kong & Shanghai

Banking Corporation Chartered Bank of India,

Australia & China

$50,842,258 $35,700,000

15,612,909

5,800,000

Mercantile Bank of India

1,730,584

580,000

•

$68,185,751 $42,080,000

12. The rate of exchange for the Estimates was taken at 2/2 whereas the average rate for purposes of conversion in the Treasury books was 2/21.

30th May, 1927.

C. McI. MESSER,

Treasurer.

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