CO129-253 - Public Offices & Others - 1891 — Page 42

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Foreign

for

the Notes issued

by the Hongkong and

Shanghai Bank should not

at mee

be raised increased

in consequence of the

increase in the paid up

Capital of the Bank, but

be allowed &

Should remain at its

A

present

t until

amount,

the actual note issue

Exceeded $7,500,000.

I am to inform

Un bil. of the Trenery

Ju

that the Landships

after full conson of

ther Back's representa-

constrained.

from $47,500,000 2710,000,00

Made by the Banks,

watched

tions feel c to refuse their assent

39

to the application. It

was not without some

pesitatin that their

Dr consented to reduce

the Security from

whole to only.

ore-

th

third

of this Jesus (as limitar

by the (apital);

and

apart from other considerations, the

complications & the

difficulty of securing

observance of them proposed

are,

new rule

in the opinion of

their Ludships reasons

against any further

Concession.

Accordingly additional

securit