securities to be deposited against their note issue.
His Lordship thinks it desirable that A should make a valuation once a year of all the securities deposited by the Bank, viz. in London and in Hong Kong, so that it should appear if at any such valuation that they continue to no longer represent the required amount, viz. $3,333,333, and that the other Bank should be reported to this Department and requested to deposit proportional securities to make good the deficiency.
When in order to making this valuation, the Manager of the Hong Kong Bank will be requested to cause to be furnished him with a quarterly return of the securities held in the Colony, and of the prices at which they could be realised locally at the date of the return.
securities to bre deposited against. their note issue.
His Lordship thinks
it desciable that.
за
A
should make
valuation
once a
year of all the securities
Jall
deposited by the
Bank, we in Landen
and
& in Hong Kong, valuation it should appear
if at
amy
such
that they
Costime to
2-0
longer represent the required amount,
vij. $3,333, 333,
Bank
that the other should
A
be reported to thin Defenstment requested
to deposit portional securities to make
495
When in
the deficiency
In order
making this valuption, then foriemer
of
Hongking will be requested to cause to be furnished Jm with a quarterly return of the
The securities
held in the Colony, and of the prices at which they could be realised locally
at
date of the return.
Rom
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