542
entrusted with
of Government
2.
any large amounts
of money.
I have stated in
my
despatch above mentioned why your Lordship may perhaps consider
it necessary
that any considerable portion
of the moneys of the Praya
Reclamation Fund should be
withdrawn from the custody of
the Hongkong and Shanghai
Bank. But if your
Lordship is of opinion that the instructions
conveyed in your telegram of the 12th instant should
be literally carried out, it will
be necessary
to deposit a certain
portion of such funds in the
Chartered Mercantile Bank above
alluded to.
3. The only three Banks of importance
in the Colony, beside the Hongkong and Shanghai Bank,
are the Chartered Mercantile Bank, the New Oriental Banking Corporation,
and the Chartered Bank of
India, Australia and China.
Without
any disparagement to the different Banks I have mentioned, I do not hesitate to say
that the credit of
the Hongkong and Shanghai Bank stands considerably higher than any of
the other three. I need only say
in proof of this
that their shares
542
entrusted with
of Government
2.
any large amounts
p
money.
I have stated in
my
despatch above mentioned whey your Lordship may perhaps comerter
it anne
n necessary
that any
consider
portion
of the moneys of the Preya
Reclamation Fund should be
withdrawn from the custody of
the bongking Bank.
and Shanghai
But if you ?
Lordship
to of opinion that the instructions
Lordship's
Conveyed in your tilegram of the 12th instant should
be literally carried out, it will
be nece.
necessary
to deposit a certain
portion of such funds in the
chartered
Chartered Mercentile Bank above
alluded to.
3. The only three patien
of importance
Banks in the
Blong, beade the Mongkong and Shanghai Bank,
are the Charteret. Mercantile Bank the New Oriental Banking Corporation,
and the Chartered Bank of
Index Australia and China.
without
I do not hesitate to day,
any disparagement to the different Banks I have mentioned, that the credit of
the Hongking
and Shanghai Bank Stands considerably higher then ang of
the other three.
Ineed only day
in proof of this
that their share
tre
No comments yet.
Private notes are available after approval.