Page 275
authorised by its Charters. There being no Gold Currency in the places in which the Bank's business is carried on, the issue is entirely payable in silver currency based upon the equivalent amount of such currency to the £1 Sterling as fixed by its Charters and regulations.
The issue by the Bank of its Notes has been found to be very beneficial to Traders and the Public generally who largely avail themselves of it.
The circulation of Notes from the Straits Settlements also serves Territories in the Malay Peninsula newly opened up under British protection, and now largely developing for trade purposes.
In Hongkong where the currency is in dollars by weight not counted, the Chinese holders of Cheques upon the Bank insist on being paid in Notes and they object frequently to being paid in pieces of silver chopped which is necessary in order to make up the equivalent weight.
In Countries to which a Gold circulation does not apply, the use of such Notes is of great advantage to Traders, Natives and others as compared with the carrying considerable weights of silver and the chopping and mutilating of coins which is necessary in places where silver is exchanged by weight against cheques.
Until late years there were two other Banks (viz. The Oriental Banking Corporation and the Chartered Mercantile Bank of India, London & China) which had an extensive Note circulation in the places referred to. Owing however to the suspension of the former Bank in the year 1884, and the reconstruction of the latter Bank as a limited Bank, the Note issues of these two Banks have ceased. The authorised Note issue therefore now available to Traders and the community generally is greatly diminished, whilst on the other hand the volume of trade has largely and progressively increased and is still increasing.
Page ...
## Notes on formatting and content changes: 1. The initial part of the text appears to be OCR errors and has been omitted as it does not form coherent English text. 2. The coherent part of the text starts from "authorised by its Charters." and has been formatted into paragraphs using HTMLtags. 3. Minor corrections have been made to ensure the text is readable, including fixing spacing issues and correcting obvious spelling errors. 4. The original text's page numbering ("Page 275") has been preserved at the beginning. 5. The content has not been rephrased or rewritten; only unambiguous corrections have been made.
275
tadt bebivong redtrut retard Dinu orð yď naw 2ì bạÂ mottaiuris ni bramah no sidayaq setor sit Te intromm In162 art wɗt to intiqad mis to fauruma arid bonaxe swiź Ená za Jon Blvora nolaatmmod add to moltoæma odð ditiw useinu qu dinq tiimutsa inal „TIMAETT aựt to ura-
Iðal ɣiot 1208 #dź boðað neðarf) LaJean[qqpå oss re yttrocitım Bein, bonkroɗtun maw Latiqad a'dra@ ońd to ezaurant ma to galdiem at noijonas avmiverq od‡ diłku dnsƐ við oð doviy saw toeldim bra promaert eɗt to sxsnokaatmsoð end to item NO OWS CAB
.:
JÁgim sronolaatmmo✪ erit as anottalator to anoksaltget ride of weld at damă donara ro Ártall n ́`rinlidatue of onogmt að #M sites *#*oq#ynie vo brakel
A
erit vot intval od bimoria 31 Jaďt berafond saw it brok
of bisasvota amoltatrieer bra anottalugan aid of zos¿¿we frent sdd bna sroqanniɛ to baalat odd ai atsiments"baš smut oskarn
bas zasadi
•
emal-en of bna „bnamed no rezaed of eldarną neton
tai ont betab yuwament ■'y‡a#{àM toĦ to pilaonsUS YE
8
9
.*mas #fit
10
rintIɗadam os draɛ sɗt noqu bezzetnos saw Towoq, 1881 FurgnÀ sqoquantƐ ja bramab no reraed ot eldayaq seton omaet bra soɗona«8 berest ad binods seton dous en taɗt Babivorq moonlal bes granet SMOR TO 28 Tto golft te rà te mum erit narit nusu tuɗdo wmm not bra ,88 yo 13 damm to siqi$ £ KOM
redmevoll #201 and betah retraďožstremolqque brosSË E TË
bra retraṁð avolvang oďt yď berzstnda seitkreditok and SYBI Tetrarfð Imirene Iqquë dзes srit mort arser Di tot beimkinos exOT
HkAT # LU
1381 and etab aizsed nedrado. La FridmoLqqz
euntinos blvode daad erit fast Berlabre saw #1 188£ vodno o s ( Janney Of Td bolzoq rediftot u tot hotarogroant
-neixe na no betrian duaq BraÖY YAAM TOT SAN_InsƐ #AT
ni bas znodznoḤ ni sesalq nedto tugnoma sauntund gutímal orta- Jnsixe llut eɗt of asto¤ basmat áurf brea‚#dromuIžjeë stians2 odt
11
authorised by its Charters. There being no Gold Currency in the places in which the Bank's business is carried on, the issue
is entirely payable in silver currency based upon the equivalent
amount of such currency to the £1 Sterling as fixed by its
Charters and regulations.
The issue by the Bank of its Notes has been found to
be very beneficial to Traders and the Public generally who
largely avail themselves of it.
The circulation of Notes from the Straits Settlement s
also serves Territories in the Malay Peninsula newly opened up
under British protection, and now largely developing for trade
purposes.
In Hongkong where the currency is in dollars by weight
not counted, the Chinese holders of Cheques upon the Bank insist
on being paid in Notes and they object frequently to being paid
in pieces of silver chopped which is necessary in order to
make up the equivalent weight.
In Countries to which a Gold circulation does not e
apply, the use of such Notes is of great advantage to Traders,
Natives and others as compared with the carrying considerable
and the chopping and mutilating of coins which is necessary weights of silver i in places where silver is exchanged by weight
against cheques,
recon-
Until late years there were two other Banks ( vizt
The Oriental Banking Corporation and the Chartered Mercantile
Bank of India London & China) which had an extensive Note
circulation in the places referred to. Owing however to the
suspension of the former Bank in the year 1884, and the
-struction of the latter Bank as a limited Bank, the Note issues
of these two Banks have ceased. The authorised Note issue
therefore now available to Traders and the community generally
is greatly diminished, whilst on the other hand the volume of
trade has largely and progressively increased and is still
increasing.
...
No comments yet.
Private notes are available after approval.