They propose Bellfasih. Fleyan of a satisfactory character and, assuming the securities held in Hong Kong are of this character which we deduce from information obtained from the Bank, they provide a sufficient cover, judging by present rates.
The securities held in Hong Kong are mainly Colonial Bonds rather than those that can be easily released or dealt with, and clearly we ought to ask the Bank for this information. The first step should be to furnish, every three months, a return of securities held and the prices at which they could be realised locally at the date of the return.
We have a difficulty wherein we could possibly obtain a valuation, but it would be, of course, only a rough approximation.
M. Müfield. Submit drafts to agents for comments.
Wito 18/6 Sug.
Zu13/5 letting Agents (see para 16819/90) but Jun Stand from Agent thin drawings Chamman take place Landes Poriginally assumed practice been for the to let the for Know when certain Mor ہونا کیا hald 4th Chambe "Brawn pending sing ham beaut with Aur Ash Best The CA For has not Confirmed ack thum Though (still hold the proper assumed S
COMMUNICATIONS TO BE ADDRESSED AND REMITTANCES TO BE MADE TO THE MANAGER"
dedo 16157 491
Hongkong & Shanghai Banking Corporation, 31, Lombard Street, London, &c.
19th May 1892
The Under Secretary of State for the Colonies,
Downing Street, S.W.
With reference to your letter of last month, our Head Office at Hongkong has decided to lodge in London the further amount of securities required by you as a reserve fund to secure our Bank Note-issue, and we shall therefore despatch them with the Crown Agents for the Colonies by the middle of next month. We are sending £125,000 nominal, of Consols and Colonial Securities, of the value of about £122,700, which is in excess of what is required to complete the Reserve Fund in question.
We have the honour to be,
Your obedient servants,
Manager
Page ...
...
They perfose Bellfasih. Fleyan of a Latifactory Clearacter and, assuming the securities held in Hong Kong the of thies Animent which the deduce firm information ottanied from the Bank, they pravide a sufficent Caven Juke
issive at Fresent rates.
The
secunt held in Hongk
are
Clan
Bends
than Love
canno
release of there
cest to depend with and
Bauch, clearly we aught an the Bank for this information and The first. Oleould furnish, Ency three wont to te retiron of securities held and the prices at which they could be valised locally at the date of the cheere.
have a
f
Antheue wheres we could pasly haluation, but it would be
course, onya Wing Trantial perfection.
M. Müfield. Soulmit drafts to agents
vernow for cursus
Wito
18/6 Sug.
Zu13/5
letting Agentin (see pai
16819/90 but Jun
Stand from Agent thin
drawings
Chaman
take place
Landes
Poriginall
assumed practice been for the to let the for
Know when certain Mor
ہونا کیا
hald 4th
Chambe "Brawn pending sing ham beaut
with Aur Ash Best The CA For has not Confirmed
ack thum Though
(still hold the proper assumed
S
COMMUNICATIONS TO BE
DRESSED AND REMITTANCES
BE ABLE TO THE MANAGER"
dedo
16157
491
Hongkong & Thanghai Banking Coorporation, 31. Lombariff: Shpop London.&.c.
19th May 1992
0.
10184
The Under Secretary of Station
Sir
MAY
for Downing Koreet. Sw
or the Volonies,
the
Marn
With reference to yourletter of lust, our read Office at Hongkong has decided to lodge in London, the further amount of excurities required by you as a reserve fund to secure our Bank Note-issue, and we shall therefore despor it with the brown Agents for the Colonces by the middle of next 24 to Consols and Golonial Securities for £125,000. nominal, of the value of labout £122,700, which is in weess of Required to complete tht Recurve fund In question
the
amount of
We have the honour to be
Your obedient servants,
Manager
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