CO129-243 - Public Offices & Others - 1889 — Page 520

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

515

are to be dealt with

For the sake of comparison & would mention that the Chartered Bank and the Chartered Mercantile Bank have the privileges of issuing notes, yet they can, and do, open Branches and Agencies wheresoever they please, without let or hindrance).

Holders of their notes rank only as ordinary creditors, as there is not any special legislation in either of their Charters regarding their note issues. Our Capital & Reserve Fund comes to $11,800,000.

CF = £1,770,000.

The Chartered Bank's Capital & Reserve = £1,050,000.

The Chartered Mercantile Bank's Capital & Reserve = £750,000.

The Chartered Mercantile Bank has nominally got a Reserve Fund; but in reality, there is not any.

Their Reports state that their Capital is fixed abroad at par, i.e. 1s. 4d for the Rupee, and 4/6 for the Dollar. If those figures were adjusted to current rates, say 1/4 and 3/1, their Reserve...

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2026-05-25 22:47:12 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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3 515 are to be dealt with For the sake of comparison & would mention that the Chartered Bank and the Chartered Mercantile Bank have the privileges of issuing notes, yet they can, and do, open Branches and Agencies wheresoever they please, without let or hindrance). Holders of their notes rank only as ordinary creditors, as there is not any special legislation in either of their Charters regarding their note issues. Our Capital & Reserve Fund comes to $11,800,000. CF = £1,770,000. The Chartered Bank's Capital & Reserve = £1,050,000. The Chartered Mercantile Bank's Capital & Reserve = £750,000. The Chartered Mercantile Bank has nominally got a Reserve Fund; but in reality, there is not any. Their Reports state that their Capital is fixed abroad at par, i.e. 1s. 4d for the Rupee, and 4/6 for the Dollar. If those figures were adjusted to current rates, say 1/4 and 3/1, their Reserve...

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3 515 are to be dealt with For the sake of co comparison & would mention that the chartered) Bank and the Chartered Mercantile Bank have the privileges of issuing notes, yet they can, and do, open Branches and Agencies wheres they please, without let or hindrance). Holders of their hotes with only rank as ordinary creditors, as there is not any special legislation in either of their Charters regarding their Roter issues. Our Capital & Reserve Fund comes to $11,800,000. CF = £1770.000. The Chartered Bank's Capital Reserve L1050,000. The Chartered Mercantile Bank's Capital & Reserve 750.000. The Chartered Mercantile Bank has nominally got a Reserve Fund;, but in reality there is not any their Reports state that their Capital is 5 is fixed: abroad at par, ..e. If for the Rupee, Y and 4/6 for the Dollar. If those figures overe adjusted to current pates, say 1/4 and 31 their Reserve 3

2026-05-25 22:47:12 · Baseline

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515

are to be dealt with

For the sake of co

comparison & would mention that the chartered) Bank and the Chartered Mercantile Bank have the privileges of issuing notes, yet they can, and do, open Branches and Agencies wheres they please, without let or hindrance).

Holders of their hotes with only rank as ordinary creditors, as there is not any special legislation in either of their Charters regarding their Roter issues. Our Capital & Reserve Fund comes to $11,800,000.

CF = £1770.000.

The Chartered Bank's Capital

Reserve

L1050,000.

The Chartered Mercantile Bank's

Capital & Reserve

750.000.

The Chartered Mercantile Bank has nominally got a Reserve Fund;, but in reality there is not any

their

Reports state that their Capital is

5 is fixed: abroad at par, ..e. If for the Rupee,

Y and 4/6 for the Dollar. If those

figures

overe adjusted to current pates, say 1/4 and 31 their Reserve

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