7 10th
desp no. 222 of October 1890 st
should
be so for modified
to the following
The maximum
extent.
balances, $350,000,
may
be divided
between the two Banks, provided
that not more
than $200,000
remains in the
Hongkong Shanghai
Bank, and not
more than $150,000
in the Chartered Bank
of India, Australia
& China. It will therefore be necessary for us to further
reduce the balances
in the Hongkong
Shanghai Bank.
They appear to be in doubt as to whether the Hongkong & Shanghai
Bank allows interest at the rate of 1 1⁄2 per
cent on the current
account of the Praya
Reclamation Fund,
since the advertised
rate of interest for
all current accounts in that Bank is only 2 percent. I should be glad to receive an explanation from you on this point.
3. As regards
7 10th
desp no. 222 of October 1890 st
should
be so for modified
to the following
The maximum
extent.
balances, $350,000,
maz
be divided
between the two Banks, provided
that not more
200,000
than $200,
remains in the
Hangkung Shanghai
Bank, and not
000
more than $$150,0
in the Chartered Banks
of India, Australia
& China. It will therefore be necessary for for to further
go
}
356
reduce the balances
former
in the Hougang o
Shanghai Bank.
qu
They plums to be a douth as 2. Xcasino understand The content that Zun
the Hungking & Shanglin
Bank allows interest at the rate of t1⁄2 pen
cent an
account
the current
the Praza of
Reclamation Fund,
snice the advertised
rate
of interest for
all current accounts in that Bank is only 2 percent. Ishould be glad to receive explanation from from you on this point.
3. Asregard
an
зна
:
!
T
No comments yet.
Private notes are available after approval.