Page 362
L
4.
Sir,
Bank of Western India, Victoria, Hong Kong, 25th November, 186?.
I have the honor to acknowledge your letter of 23rd Instant; and in compliance therewith, I now beg to state in writing the proposal of the Bank with regard to the circulation of notes, which I had lately the honor of laying before His Excellency the Governor, personally.
The Bank proposes to deposit with Government such amount of Honorable East India Company's or other Government paper as may be expected to equal one half of the circulation; or otherwise to enter into a written agreement to make the said paper an absolute security for the circulation, to be increased or diminished as soon as...
The Honorable,
The Colonial Secretary.
Ye...
the-
average
362
L
4.
فحا
Sir
Bank of Western India Victoria, Horghing, 25th November, 186th.
I have the honor to acknowledge your
of its
letter of 23? Inetant: and in compliance therewith. Inow beg to state in writing the proposal of the Bank with regard to the circulation - notes, which I had lately the honor of laying. before Stis Excellency the Governor, personally.
The Bank proposes to deposit with Government such amount. of Honorable Rest India fompany's or other Government paper as may be expected to equal one half
half of the
circulation or otherwise to enter into a written.
ent to make the said paper aggreement to
an
absolute security for the circulation, to be
increased or diminisher as soon as
The Honnable,
The Colonial Seoritary.
Ye
the-
average
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