with Suction XIII of the Ordinance of 1856.
The Hongkong & Shanghai Banking Corporation,
31, Lombard Street, London, E.C.
11th August, 1892.
The Under Secretary of State
for the Colonies.
C.O.
16197 Commercial Department.
Downing Street.
12 AUG 92
hard to gauge
on the general aspects,
on the shareholders in respect of these
Carting unlimited liability in the note issue
The
question is one for the Treasury, not
I think in succeeding them their letter he need
not say anything to down the proposal.
15.8.92
I have added what Graham's draft B
contains per commmm, to carry out the
ahm ongguctions EZ
kuding in
Shear the Bank are
signifying a delay with they write again.
wait Rm 13/0 at once
M.O. 14701
Referring to my letter
of the 21st of July
(ultimo) enclosing a copy of my
letter of the same date to the Lord's
of the Treasury.
I beg to advise you
that I have since been in
telegraphic communication with the Head Office the Bank in Hongkong, and now submit the following for your consideration.
The total amount of notes in circulation at the Head Office and Branches on 30 June, was $6,700,000, of which $3,000,000 were in circulation in Hongkong, and $2,500,000 in the Straits Settlements: leaving $1,200,000 for all our other Offices.
My proposition is, that our note circulation in future be limited to $7,000,000 as at present, and that the issuing of notes be confined to Hongkong, the Straits Settlements and Shanghai. Our issues at the other ports to cease altogether.
The power to issue notes would then be as follows, viz:
For Hongkong $4,000,000 Shanghai $500,000 The Straits $2,500,000 $7,000,000with Suction XIII of the Criname of 1856.
The Hu
wormed thing he satehind to thing
Extent of 73.0% of their claims Whee
MMUNICATIONS TO BE
GED AND REMITTANCES YABLE TO THE MANAGER"
533
Hongkong & Shanghai Banking Corporation,
31. Lombard Street, London, EC.
11th August. 1892.
The Under Secretary of State
for the Colonies.
C. O.
16197
Commercial Departiment. =?
Downing Street. P-12 AUG 32
امنگو
hard to Gue
on the general apets,
on the Shankeraders in respect of thee
Cattin' unlimited liability in the note issue
The
quation is me for thee Trening, hot
Ithimit in suceding them their letter he need
bot day anything to down the proposal.
257
15.8.92
I kan added whe Graham's drafte B
Antain pages per commmm, to carry out the
ahm ongguctions EZ
kuding in
Shear the Bank are
•
segnantiny a delay with they write again.
wait Rm 13/0 atonce
M. 0. 14701
Referring to my
letter
of
the 21t of July
letter
of
the
same date to the Lord's
the
of
"Treasury.
(ultimo) enclosing a copy of my.
beg to advise
you
that I have since been in
telegraphic communication with the Head Office the Bank in Hongkong, and now submit The following for your consideration.
ow
The total amount of notes in circulation. at the Head Office and Blanches June, was $6.700.000,
were
in circulation in
the 30 which $3,000,000
Hongkong, and $2,500,000 in the Straits Settlements: leaving $1,200,000 for all our other Offices.
circulation in
instead
of
our note
My proposition is, that
future be limited to 87,000,000 $10,000,000 as at present, and that the issuing of notes be confined to Hongkong, the Straits settlements and Shanghai. Our inves at the other ports
to clase
altogether.
The power to issue notes would then be as follows, viz-
For Hongkong Shanghai
#
The Straits
$4.000.000
500,000
2.500.000
7,000.00
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