CO129-253 - Public Offices & Others - 1891 — Page 346

addition of 8. 833.333.33 to the sum already deposited.

344

Now, although the Bank is fully prepared to at once hand over securities for the above $833.333.33 still we hope the Treasury will forego exacting the deposit, as the lock up of large a sum as $3.333.333 (equivalent in round numbers tof 550,000) represents a large proportion of our capital and reserves. Moreover we would point out that although the

authorised note issue is now

$10.000.000 the actual circulation has never exceeded $7500.000,

nor is it le

likely to exceed that amount for many years.

it do so.

we would at once

Should

place with the Crown Agents

the extra se

The

security of $

833.333.33,