AnnualReport-1929 — Page 46

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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 $45,350,000

12. 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.

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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 $45,350,000 12. 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.
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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:-- Hong Kong and Shanghai Banking Corporation Chartered Bank of India, Australia and China Note in Circulation. Specie in Reserve. $59,636,538 $37,600,000 17,166,328 7,000,000 Mercantile Bank of India, Ltd. 1,928,465 750,000 Total $78,731,331 $45,350,000 12. The rate of exchange for the Estimates was taken at 18. 10d. whereas the average rate for purpose of conversion in the Treasury books was 1s. 11d. C. McI. MESSER, Colonial Treasurer. 2nd May, 1930.
2026-05-09 01:12:57 · Baseline
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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:--

Hong Kong and Shanghai

Banking Corporation

Chartered Bank of India,

Australia and China

Note in Circulation.

Specie in Reserve.

$59,636,538 $37,600,000

17,166,328 7,000,000

Mercantile Bank of India,

Ltd.

1,928,465

750,000

Total

$78,731,331 $45,350,000

12. The rate of exchange for the Estimates was taken at 18. 10d. whereas the average rate for purpose of conversion in the Treasury books was 1s. 11d.

C. McI. MESSER,

Colonial Treasurer.

2nd May, 1930.

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