CO129-186 - Public Offices & Others - 1879 — Page 136

[ཀྱེེ་

$1 notes.

In going through the

correspondence I have found

we

that

could compensate the

HK-5. Bank for giving up the

$1 note

wag

much

issue in amore Introfactory

than by giving permission to. erect the Agency at Singapore into

Branch.

The Bank are

bound by the Ordinance incorporating

to keep us specie at

Hong Kong equal to 5 of

their total note.

them

좋아

+

insure how they

arve

obliged by prudence

to keep speise at each Brauch aqual tond of the note circulation

at that Branch. Try therefore begged

in 1875 that th

at Hong Kong

a reserve of is of the circulation

A

the

1364

133

in the Colony, might be consident

reserves

sufficient, provided

were also kept at each Branch

qual toto of the local circulation

This is what the rival Banks

are allowed to do.

The recamy cyfrained from sxping for giving an

to the Bank until the

4645 76

5198

Answer

??

question of a Govt note iwas sittted. The I suspect the homing shops has dropped out of their Lorddliches,

When therefore the

memory.

reme,

Gov: replies as to a hote

it should be raked up again

Z

18 nov

Rim 19/11