CO129-253 - Public Offices & Others - 1891 — Page 345

)

343

required amendment sanctioned, and the affair completed some

The paid up

twelve months

ago.

capital of the Bank at the time was $7.500.000 - the authorised note issue was for

a similar amount

(ar. 13. of Hongkong Bankordinance). and the security lodged

tvas

and

for

this

one third of this sum, viz $2,500,000 The Directors of the Bank sub- sequently decided on increasing the paid up capital to the full amount permitted by the ordin - -ance viz. to $10.000.000, has been duly accomplished. The authorised note issue Consequently is increased to the same amount the capital viz $10.000.000 and in conformity with the Treasury's requirements the Bank has to

one third of this sum viz $2993.983.3

lodge security for

addition

an