While understanding that the total amount is not placed in one Bank I am prepared to sanction the increase of the limit (including the Praza fund as well as ordinary Balances to $350,000 balance & Sept out of This amount, the Current at the Hongkong & Shanghai Bank ordinary expenditure must never exceed as a rule $125,000 but should not exceed $100,000; and while the other amounts in each of the other Banks should not exceed $75,000
DRAFT.
MINUTE. 425 the Praza Reclamation Works are being carried out, I desire that a second and current account be opened at another Bank. for the current Expenses of those Works, which account should not exceed $75,000 (and might probably be less). A further portion of the Praza Fund should be placed on deposit
Page ...
Mr. Wingfield. Mr. Bramston. Mr. Meade. Sir R. Herbert. Baron de Worms. Lord Knutsford.
مسنة
in the clear
derstanding that
the total amount is not
placed in one
Bank
I am prepared to
sanctim the increase
of the limit
tech
(including the Praza fund as well as ordinanz Balances to $350,000 balance & Sepint
out of
This ar
mount, the
Current
at the Hughing & Shanghai Bank
ordinary expenditure
must never
exceed
as a
May.
$125,00
but should
rule not exceed
$100,000; and wh
the Porr amounts in Each of the other Banten
should not exceed
000. While
78675,000
DRAFT.
Mr.
Mr.
MINUTE.
425
the Praze Reclamation
Works
are
being carried
out, I desire that a
second
and current
ac
count be opened
....... 2012 M.
Mr. Wingfield.
Mr. Bramston.
Mr. Meade.
Sir R. Herbert.
Baron de Worms.
Lord Knutsford.
at another Bank.
for the current
ose
Expenses of thos
Works, which account should
read not excee
$75,000 (and
might probably be
less). A further
portion of the Praza
Fund should be
placed
deposit
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