CO129-212 - Governor Sir Bowen - 1883 [10-11] — Page 55

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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market prices of shares as a fair guide wider opinion. Then steps be taken to examine the state of skilled banks, notably the Chartered Mercantile Bank, the shares of which are at a discount in the London Market, and last of all the Oriental Bank, the shares of which are at a heavy discount.

5. The Government deposits in these four Banks are more considerable than they would have been but for the fact that almost all Public Works and improvements have been responded for some years. It happens that we have the following somewhat large deposits in these Banks.

Hong Kong 1904

RLCD REC NOW $305,259.64 Hong Kong & Shanghai Bank 155 22 18 30 Chartered Bank of India 160,000 Chartered Mercantile Bank 90,000 $90 $170,000 Oriental Bank $725,259.44

6. As regards one Bank, the Oriental, disquieting reports have been current for some time past, and the state of affairs naturally caused uneasiness to the Government. At the same time information was received to the effect that panic amongst depositors would almost inevitably bring down the Bank. It was necessary to proceed with caution, for besides the withdrawal of too large a sum, few things would damage the Bank more effectually than a report that the Government was withdrawing its deposits. Therefore, in withdrawing $60,000...

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2026-05-23 22:59:52 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
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market prices of shares as a fair guide wider opinion. Then steps be taken to examine the state of skilled banks, notably the Chartered Mercantile Bank, the shares of which are at a discount in the London Market, and last of all the Oriental Bank, the shares of which are at a heavy discount. 5. The Government deposits in these four Banks are more considerable than they would have been but for the fact that almost all Public Works and improvements have been responded for some years. It happens that we have the following somewhat large deposits in these Banks. Hong Kong 1904 RLCD REC NOW $305,259.64 Hong Kong & Shanghai Bank 155 22 18 30 Chartered Bank of India 160,000 Chartered Mercantile Bank 90,000 $90 $170,000 Oriental Bank $725,259.44 6. As regards one Bank, the Oriental, disquieting reports have been current for some time past, and the state of affairs naturally caused uneasiness to the Government. At the same time information was received to the effect that panic amongst depositors would almost inevitably bring down the Bank. It was necessary to proceed with caution, for besides the withdrawal of too large a sum, few things would damage the Bank more effectually than a report that the Government was withdrawing its deposits. Therefore, in withdrawing $60,000...
Baseline (Original)
....... market pries oit shares as a fair wider opinine. Then q be taken maz the state skilled q Conta the Chartend Mercantile Bank, the shans of which are at a discount in the hondor Market- and last of all the brisutal Bank, the shans of which an ata discount at a heavy 5. The Goveniment deposits in these four Banks are mor considnable thase they would have been but, for the fact that almost all Public Works and improvements have bon responded for some grass. It this happins that we hown the following somewhat deposit in there Jums large Banks. Theng Kong 1904 RLCD REC NOW 54 $305,259.64 Hong Kong & Shanghai Bank. 155 22 18 30. Chastend Bank of India Chastired Murcantile Bank brental Bank. 6. How as 160,000. 90,000. $90, $170,000 9725,259 44 one Bank, the ds one regards Oriental, disquicting spats have bee about large + for Some time past, and the deporit then naturally, λακι στι caused uncasiness to the Government At the same time informatione Was nered to the iffret that panic amongst depuitor would almost inuitably bring down the Bank. It was weersary to proceed with Caution, for brides the withdrawal of 10 large a sum, few things would damag the Barik mo effectually than anport that the Government was withdrawing ito deporito. Phonfor, in with drawing $60,000 .
2026-05-23 22:59:52 · Baseline
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.......

market pries oit shares

as a fair wider

opinine.

Then

q

be taken

maz

the state

skilled

q

Conta

the Chartend

Mercantile Bank, the shans of which

are at a discount in the hondor Market- and last of all the brisutal Bank, the shans of which an ata

discount

at a heavy

5. The Goveniment deposits in

these four Banks are mor considnable thase they would have been but,

for the fact that almost all Public Works and improvements have bon responded for some grass.

It this happins that we hown the following somewhat deposit in there

Jums

large Banks.

Theng Kong

1904

RLCD

REC NOW

54

$305,259.64

Hong Kong & Shanghai Bank. 155 22 18 30. Chastend Bank of India Chastired Murcantile Bank

brental Bank.

6. How as

160,000.

90,000.

$90, $170,000

9725,259 44

one Bank, the

ds one

regards

Oriental, disquicting spats have bee

about

large

+ for

Some time past, and the

deporit then naturally,

λακι στι

caused uncasiness to the Government At the same time informatione Was nered to the iffret that panic amongst depuitor would almost inuitably bring down the Bank. It was weersary to proceed with Caution, for brides the withdrawal of 10 large a sum, few things would damag the Barik mo effectually than anport that the Government was withdrawing ito deporito. Phonfor, in with drawing

$60,000

.

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