CO129-158 - Sir Kennedy - 1872 [6-8] — Page 157

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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4

Government was placing $35,000 fixed deposit for long periods on at a rate of only two per cent per annum, when any Bank was willing to allow at least 5 per cent.

5.

to say I am not, however, prepared to say that I should so soon have upset the arrangement which I found in existence on my arrival, had not the action of the Oriental Bank permitted a reconsideration of the position of affairs. Nevertheless I have not been slow to enter into an agreement with the Hongkong and Shanghai Banking Corporation, by which the current account will be kept with them and two per cent will be allowed on the minimum daily balances.

Inclosure

May, 1872.

there is no Condition as to the amount at which that balance must be kept.

I trust to receive your

6.

Lordships' approval of this course. My Executive Council were firmly of opinion that the opportunity of taking advantage of the more favourable terms of the Hongkong and Shanghai Bank should be seized without delay, and as that Bank stands on such a sound basis, and is accounted so highly in Commercial circles, I had no hesitation in agreeing to what

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2026-05-20 18:04:54 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
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4 Government was placing $35,000 fixed deposit for long periods on at a rate of only two per cent per annum, when any Bank was willing to allow at least 5 per cent. 5. to say I am not, however, prepared to say that I should so soon have upset the arrangement which I found in existence on my arrival, had not the action of the Oriental Bank permitted a reconsideration of the position of affairs. Nevertheless I have not been slow to enter into an agreement with the Hongkong and Shanghai Banking Corporation, by which the current account will be kept with them and two per cent will be allowed on the minimum daily balances. Inclosure May, 1872. there is no Condition as to the amount at which that balance must be kept. I trust to receive your 6. Lordships' approval of this course. My Executive Council were firmly of opinion that the opportunity of taking advantage of the more favourable terms of the Hongkong and Shanghai Bank should be seized without delay, and as that Bank stands on such a sound basis, and is accounted so highly in Commercial circles, I had no hesitation in agreeing to what
Baseline (Original)
4 Government was placing $35,000 fixed depoit for long periods on at a rate of only tivo per cent per annum, when any Bank was. willing to allow at least 5 for cent. 5. to say I am not, however, prepared that I should so soon have upset the arrangement which I found in existence on my arrival, had not the action of the Oriental Bank fermitted a reconsideration of the position of affairs.. Nevertheles I have not been slow to enter into an agreement with the bonghong de ope and Shanghai Banking Corporation, by which the eurent account will be kept with them and two Inclosure May, 1872. fer cent will be allowed on the minimum daily balances. _ there the 5. 147 is no Condition as to amount at which that belance must be kept.- I trust to receive your 6... Loydships approve of this course... My bxecutive Connoil were firmly of opinion that the opportunity of blaming the more favourable terms of the bonghong and Shanghai Bank should be seized without delay, and as that Bank stands on such a sound basis, and is accounted so highly in Commercial circles, I had no hesitation in agreeing to what
2026-05-20 18:04:54 · Baseline
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4

Government was placing $35,000 fixed depoit for long periods

on

at a rate of only tivo per cent per annum, when

any

Bank was. willing to allow at least 5 for cent.

5.

to

say

I am not, however, prepared that I should so soon have upset the arrangement which I found in existence on my arrival, had not the action of the Oriental Bank fermitted a reconsideration of the position of affairs.. Nevertheles I have not been slow to enter into an agreement with the bonghong de ope and Shanghai Banking Corporation, by which the eurent account will be kept with them and two

Inclosure

May, 1872.

fer cent will be allowed on the minimum daily balances. _

there

the

5.

147

is no Condition as to

amount at which that

belance must be kept.-

I trust to receive your

6...

Loydships approve of this course... My bxecutive Connoil were

firmly

of opinion that the opportunity of

blaming the

more favourable terms of the bonghong and Shanghai Bank should be seized

without delay, and as that Bank stands on such a sound basis,

and is accounted so

highly in Commercial circles, I had no hesitation in agreeing to what

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