has consented to hold over their claim for this £10,000 from the 22 Instant to the 22nd proximo
at their minimum rate of discount--
at present however is 10 per cent.
Jannes annex a statement of Assets & Liabilities of your Government so far as this Department is concerned The Acceptances of Agra - Mastermans Bank, amounting altogether to £15,000 have been omitted in this statement, as they form no available Asset at present, 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 more over the liabilities are for the most part immediate, whilst the Assets do not mature for some time.
This state of the Hong Kong Account at this Office may doubtless be ascribed to a certain extent to the failure of the Agra Masterman's Bank, but had that unfortunate occurrence 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 of Hong Kong to this matter,
I have &c.
Signed; M. C. Sargeannt
has consented to hold over their claim for this £10,000 from the 22 Instant to the 2200
proximo
at their minimum rate of discount--
at present however is 10
which at
for cent.
Jannes
annex a statement
of
shewing the Assets & Liabilities your Government so far as this Department is concerned The Acceptances of Agra - Mastermans Bank, amounting altogether to
мал
15,000 have been omitted in this statement, as they forn available Asset at present, and
are not likely to do so
time to come.
for
some
The assets amount only
to £20,000 whilst the liabilities
(benig
128
(being £45,400) exceed the former day
₤25,400
more over the liabilities. are for the most part immediate, whilst the Assets do not mature for
some time.
This state of the Hong Kong. Account at this Office may
doubtless
be ascribed to a certain extent to
the failure of the Agra Masterman's Bank, but had that unfortunate
happened your
occurence not.
remittances would have been.
inadequate to meet the authorized
I have to request that
payments.
that you
of
call the early attention of the Governor of Hong Kong to this matter,
I have
te
Wigned; M. C. Sargeannt
No comments yet.
Private notes are available after approval.