158
and those which have necessitated the reconstruction of the Chartered Mercantile Bank are very generally known, it is astonishing that a banker (one of the signatories of the Memorial, Mr Whitehead, is the manager of a local Bank), should have referred to the cases of the ... as two Banks in question, affording argument in favour of the reduction of certain official salaries in Hongkong.
The principal and incomparably the most important bank in Hongkong is the Hongkong and Shanghai Bank; the last half-year's accounts have not yet been published, but I have unimpeachable authority for stating that its transactions for that half-year have been the most satisfactory and profitable that it has had for many years past. The Chinese banks in the Colony also find it difficult...
2
158
and those which have necessitated the reconstruction of the Chartered Mercantile Bank are very generally Known, it is astonishing that a banker- (one of the signatories of the Memorial, Mr Whitehead, is the manager of a local Bank), should have referred to the cases
of the
an
as
two Banks in question, a affording
argument in favour of the reduction of certain official salaries in Hongkong.
The
principal and
incomparably the most impor-
tant bank in Jor
Houghong
is the
Bank
and Shanghai kink the last half -
dfs accour As
for
have not year have
yet
4 been pur-
blished, but I have uncin-
peachable authority for stating that its transactions for that half
year
have been the most satis.
factory.
ande
profitable that it years past. The Chinese banks in the _
has had for mang
Colony also find 1 o difficult
2
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