CO129-115 - Sir MacDonnell - 1866 [9-10] — Page 11

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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the Stamp of whose office appears on the

Bill.

The Bank of England has consented to hold over their claim for this £10,000 from the 22nd instant to the 22nd proximo at their minimum rate of discount which at present is 10 per cent.

I annex a statement showing the Assets and Liabilities of your Government so far as this Department is concerned.

The Acceptances of Agra and Mastermans Bank, amounting altogether to £15,000, have been omitted in this statement, as they form at present no available Asset and are not likely to do so for some time to come.

The Assets amount only to £20,000 whilst the liabilities (being £45,400) exceed the former by £25,400; moreover the liabilities are for the most part immediate, whilst the Assets do not mature for some time. This state of the Hongkong account at this office may doubtless be ascribed to a certain extent to the failure of the Agra and Mastermans Bank, but had that unfortunate event not happened your remittances would have been inadequate to meet the Authorized payments.

I have to request that you will call the early attention of the Governor

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the Stamp of whose office appears on the Bill. The Bank of England has consented to hold over their claim for this £10,000 from the 22nd instant to the 22nd proximo at their minimum rate of discount which at present is 10 per cent. I annex a statement showing the Assets and Liabilities of your Government so far as this Department is concerned. The Acceptances of Agra and Mastermans Bank, amounting altogether to £15,000, have been omitted in this statement, as they form at present no available Asset and are not likely to do so for some time to come. The Assets amount only to £20,000 whilst the liabilities (being £45,400) exceed the former by £25,400; moreover the liabilities are for the most part immediate, whilst the Assets do not mature for some time. This state of the Hongkong account at this office may doubtless be ascribed to a certain extent to the failure of the Agra and Mastermans Bank, but had that unfortunate event not happened your remittances would have been inadequate to meet the Authorized payments. I have to request that you will call the early attention of the Governor
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10 the Stamp of whose office appears on the Bill. The Bank of England has- consented to hold over their claim for this £10,000 from the 22nd instant to the 22nd proximo at their minimum ! rate of discount which at present- per earch however is 10 I anniex a statement showing. the Afsets and Siabilities of your Government so far as this Department is concerned · The Acceptances of Agra and Mastermans Bank, amounting altogether to £15,000, have been omitted in this statement, as they form present, no available Asset at and au not likely .4.༠ do so for ما some time to come. The Assots amount only to £20000 whilst the liabilities (being £45,400) £25,400; exceed the former by Moreover the liabilities are for the most- part immediate, whilst the Assets do not mature for some time. This state of the Hongkong account at this office may doubtless be ascribed to a certain extent to the and Mastermans -failure of the Agras Bank but had that unfortunate - not happened your Ocentr ence remittances would have been in adequate to meet the Authorized payments. I have to requicat that you will, Call the early attention of the Governor
2026-05-19 11:19:54 · Baseline
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10

the Stamp of whose office appears on the

Bill.

The Bank of England has- consented to hold over their claim for

this £10,000 from the 22nd instant to the 22nd proximo at their minimum

! rate of discount which at present-

per earch

however is 10

I

anniex a statement showing.

the Afsets and Siabilities of your

Government so far as this Department

is concerned ·

The Acceptances of Agra and Mastermans Bank,

amounting altogether to £15,000,

have been omitted in this statement,

as they form present,

no available

Asset

at

and au

not

likely

.4.༠

do so for

ما

some time to come.

The Assots

amount

only

to £20000

whilst the liabilities (being £45,400)

£25,400;

exceed the former by

Moreover the liabilities are

for the most-

part immediate, whilst the Assets do not mature for

some time. This state of the Hongkong

account at this office may doubtless

be ascribed to a certain extent to the

and Mastermans

-failure of the Agras

Bank but had that unfortunate -

not happened your

Ocentr ence

remittances would have been in adequate to meet the Authorized payments.

I have to requicat

that

you will,

Call the early attention of the Governor

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