AnnualReport-1931 — Page 66

Administrative Reports 行政報告書 All AI Reviewed
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A (1) 20

## PUBLIC DEBT

23. The inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £761,447 as against £719,664 at the end of 1930.

24. The Public Works Loan (Ordinance No. 14 of 1927) amounted to $4,927,000. $3,000,000 of this loan was issued locally at par on November 1st 1927. The second issue was made on November 1st 1928 at a premium of 3%—Bonds to the nominal value of $1,927,000 being allotted. The Sinking Fund amounted to £98,036 as against £75,749 at the end of 1930.

## NOTE CIRCULATION

25. The local circulation of notes and specie in Reserve of the three banks having authorized issues were as follows at 31st December:

Notes in Circulation Specie in Reserve Hong Kong & Shanghai Banking Corporation $128,738,801 $112,000,000 Chartered Bank of India Australia and China.... $22,483,681 $8,800,000 Mercantile Bank of India Limited $3,409,400 $1,350,000 Total. $154,631,882 $121,650,000

## EXCHANGE

26. The average monthly rates for sterling and Shanghai taels were as follows:

Shanghai taels January 11.844 74.698 February 11.027 76.053 March 11.774 76.679 April 11.768 77.342 May 11.556 78.169 June 11.475 79.108 July 1/-.040 78.895 August 11.524 79.169 September 1/-.212 77.891 October 1/2.492 76.741 November 1/4.200 75.300 December 1/5.181 74.612

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A (1) 20 ## PUBLIC DEBT 23. The inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £761,447 as against £719,664 at the end of 1930. 24. The Public Works Loan (Ordinance No. 14 of 1927) amounted to $4,927,000. $3,000,000 of this loan was issued locally at par on November 1st 1927. The second issue was made on November 1st 1928 at a premium of 3%—Bonds to the nominal value of $1,927,000 being allotted. The Sinking Fund amounted to £98,036 as against £75,749 at the end of 1930. ## NOTE CIRCULATION 25. The local circulation of notes and specie in Reserve of the three banks having authorized issues were as follows at 31st December: Notes in Circulation Specie in Reserve Hong Kong & Shanghai Banking Corporation $128,738,801 $112,000,000 Chartered Bank of India Australia and China.... $22,483,681 $8,800,000 Mercantile Bank of India Limited $3,409,400 $1,350,000 Total. $154,631,882 $121,650,000 ## EXCHANGE 26. The average monthly rates for sterling and Shanghai taels were as follows: Shanghai taels January 11.844 74.698 February 11.027 76.053 March 11.774 76.679 April 11.768 77.342 May 11.556 78.169 June 11.475 79.108 July 1/-.040 78.895 August 11.524 79.169 September 1/-.212 77.891 October 1/2.492 76.741 November 1/4.200 75.300 December 1/5.181 74.612
Baseline (Original)
A (1) 20 PUBLIC DEBT. 23. The inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £761,447 as against £719,664 at the end of 1930. 24. The Public Works Loan (Ordinance No. 14 of 1927) amounted to $4,927,000. $3,000,000 of this loan was issued locally at par on November 1st 1927. The second issue was made on November 1st 1928 at a premium of 3%-Bonds to the nominal value of $1,927,000 being allotted. The Sinking Fund amounted to £98,036 as against £75,749 at the end of 1930. NOTE CIRCULATION, 25. The local circulation of notes and specie in Reserve of the three banks having authorized issues were as follows at 31st December:- Notes in Circulation Specie in Reserve Hong Kong & Shanghai Banking Corporation Chartered Bank of India Australia and China.... $128,738,801 $112,000,000 22,483,681 8,800,000 Mercantile Bank of India Limited 3,409,400 1,350,000 Total. $154,631,882 $121,650,000 EXCHANGE. 26. The average monthly rates for sterling and Shanghai taels were as follows:- January February March April May June 11.844 74.698 11.027 76.053 11.774 76.679 11.768 77.342 11.556 78.169 11.475 79.108 July 1/-.040 78.895 August 11.524 79.169 September 1/-.212 77.891 October 1/2.492 76.741 November 1/4.200 75.300 December 1/5.181 74.612
2026-05-09 06:42:07 · Baseline
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A (1) 20

PUBLIC DEBT.

23. The inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £761,447 as against £719,664 at the end of 1930.

24. The Public Works Loan (Ordinance No. 14 of 1927) amounted to $4,927,000. $3,000,000 of this loan was issued locally at par on November 1st 1927. The second issue was made on November 1st 1928 at a premium of 3%-Bonds to the nominal value of $1,927,000 being allotted. The Sinking Fund amounted to £98,036 as against £75,749 at the end of 1930.

NOTE CIRCULATION,

25. The local circulation of notes and specie in Reserve of the three banks having authorized issues were as follows at 31st December:-

Notes in Circulation

Specie in Reserve

Hong Kong & Shanghai Banking

Corporation

Chartered Bank of India Australia

and China....

$128,738,801 $112,000,000

22,483,681

8,800,000

Mercantile Bank of India Limited

3,409,400

1,350,000

Total.

$154,631,882 $121,650,000

EXCHANGE.

26. The average monthly rates for sterling and Shanghai taels were as follows:-

January

February

March

April May June

11.844 74.698

11.027 76.053

11.774 76.679

11.768 77.342

11.556 78.169

11.475 79.108

July

1/-.040 78.895

August

11.524 79.169

September

1/-.212 77.891

October

1/2.492 76.741

November

1/4.200 75.300

December

1/5.181 74.612

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