The Bill for £10,000, discounted before the bankruptcy took place, must be provided the 22nd instant, and if the Crown Agents cannot arrange for an extension of Bank of England they propose to retire it by discounting acceptance of the Union Bank of London which they hold for a like amount but which will not mature until the 3rd August following.
The enclosed statement shows that, after providing for this Bill, a deficiency of upwards of £9500 will still exist, irrespective of any payments which may fall due for coinage executed by, through, the Royal Mint, and of charges for Military stores which have been ordered from the War Department without communication with this Office.
The state of the general balance of the Crown Agents at the Bank of England will not, it is feared, admit continuing to make these large advances, and they would suggest that the Mint and War Office should be requested to refrain from making any further demands upon them, in respect of Hong Kong, until the Colony shall have had time to make the further remittances rendered necessary by the suspension of the Agra & Masterman's Bank.
The Bill for £10,000, discounted before the bankruptey took place, must be provided the 22th instant, and if
for
nd
the Crown Agents cannot arrange
for
an
trine with the
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an
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extension of Bank of England they propose retire it by discounting acceptance of the Union Bank of London which they hold for A like at but which will not mature until the 3 August following.
an
The enclosed statement shows that, after providing for this Bill, a deficiency of upwards of £ 9500 will still scist, invefective of any payments which may foll due for comage seccuted by,
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through
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through, the Royal Mint, and of charges for Military stores which have been ordered from
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the War Departinent without Communication with this Office.
balance of
The state of the general
the Grown Agents at
of
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the Bank of England will not, it is feared, admit continuing to make these large advances, and they would suggest that the Ment and War Office should be requested to refrain from making any further demands upon them, in respect of Hong Kong, until the Colony shall have had time to make the further remittances rendered. necessary by the suspension of the Agra & Masterman's Bank.
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