of the account of the Colony as being overpaid by £10,500 because that statement is calculated to mislead,
I do not imply that Exchange are Good Bills.
Regarding the remittance of funds I have the honor to call the Earl of Carnarvon's attention to the following figures showing the Assets and Liabilities of the Government of Hong Kong at this Office on the commencing days of the two succeeding Quarters, and on the instant:-
Debt to Crown Agents Other liabilities Total Bills maturing 1st January 1866 £758 £758 1st April £9,571 £5,000 to Man Office £14,571 £25,000 due 22 July 1st July £6,231 £10,000 to -do- £16,231 1st August £1,051 £10,000 to Man Office £13,000 to Mint £3,405 £15,000 due 5 Aug & 25 Sept £25,000 due 5 Aug, 25 Sept & 23 Oct.4. Under the head of Bills maturing, Acceptances of the Agra & Mastermans Bank, amounting £15,000, are included though they formed available asset; but as the Governor of Hong Kong could not be aware of the unfortunate stoppage of that Bank it is right to give credit for the amount to Colony.
5. Whether the Secretary of State's instructions have been complied with the above figures must decide. On the instant the liabilities exceeded £34,000, without taking into account any expenditure for current miscellaneous services; whilst the Assets were only £25,000 in bills not then matured.
6. The Government of Hong Kong may be driven from circumstances to incur the risk attending the remittance of funds to this Country by Bills of Exchange,
Page 141
of the account of the Colony as being overpaid by £10,500 because that statement is calculated to mislead,
i do
et implies it Exchange are
Good Bills.
of flut not available Assets f
ملا جی
regards the
remittance of funds I have the honor
to call the Earl
of
of
Camarvon's
attention to the following figures shewing the Assets and Liabilities the Government of Stong kong at this Office on the commencing days of the two succeeding Quarters, and on the at instant :-
1866
Debt to GommeAgents
of January £758
1st
January last, on the
A
Other liabilities | Total | Bill's maturing
€758
April £9571 £5000 to Man Office £14,57 £25,000
due 22 Inly,
King + 25 Septe
124 July
July £6231 £10,000 to -do-£16231
# Aug £1,051 £10,000 to Man Ofer tryps £ 13,000 to Mint £3405
£15,000 Xue 5 Ang & 25 Septe
£25,000
Ane 5 Aug, 25 Left L23Oct.
}
No
141
a
to
4. Under the head of Bills: maturing, Acceptances of the Agra & Mastermans Bank, amounting £ 15,000, are included tho they formed available asset; but as the Goremor of Stong kong could not be aware
the confortunate stoffage of that the Colony Bank it is right to give credit for the amount to comitted. 5. Whether the Secretary
Z
of States instinctions have been complied with the above fignies must decide On the It instant the liabilities sxceeded £34,000, without taking into account any sependiture for current miscellaneous services; whilst the
£25000 in billo Assets were
only
not then matured.
6. The Goverment of Hong Kong may be driven from
circumstances to mewr the risk attending the remittance of funds to this Country by Bills of Sechange,
but
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