CO129-221 - Governor Sir Bowen - 1885 [4-6] — Page 361

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been requested by the authorities

of

the

Hongkong and Shanghai Bank to

transmit a statement respecting the allegations made in the concluding paragraph of the letter dated

February 26th 1885

1885 from the

•National Debt Office to the

- reasury, of which letter a copy was cnctered in Your Lordship's despatch

•

2.

th

1.300 of the 19th March seltino.

D

follows:-

That paragraph is as

"The Commissioners would

add that the combination of a "Savings Bank with the in

Fres

4372

"Hong Kong and

and Shanghai Banking

"Corporation appears to be merely

a MeaNLA

of extending

"Banking operations

the

of

the

"Corporation, the Security and

"!

" conduct of the bereiness of the two

#7

"Prouiches being, in substance,

" identical, with the single

"

difference that Depositors in the

" Savings Bank Branch would

" receive

a

lower rate of interest

" their deposits than the

5

" ordinary customers of the "Bauking Corporation :

3.

"

I am requested to

on

obverve

}