425
Conditional permission on the terms stated at the end of Mr. Manis' minute. It seems to me that the first is preferable if more notes are wanted than can be supplied by the privileged banks. It would be better to multiply the want by Tate & Co. which is preferable in all groups.
Que 12/0 Grube is not better, I fear. I do not think the Bank in question is thought well of or looked upon with favour by the authorities concerned.
In reply to your letter of ... Corvine Combe be ... if the ... you ... chapter of a respectable Bank ... rather inclined to allow the issue under the stated conditions. By We Wald Ausubi Trosuz further ...
In Buxton - This National Bank of China is a most unsound concern. It was brought out by the National Trustees, Executors & Securities Corporation, Paine Son & Pollack under the auspices of and with the usual arrangements of Founder's Shares, heavy underwriting, etc., a gross speculation. Out of 100,000 shares, less than half were subscribed, and of these, 70% remain to this day in the underwriting syndicate's hands. In fewer than 2,400 shares have been cancelled in non-payment of calls, in itself a fact which is sufficient evidence of the Company's discredit.
Page 426 (assumed page break, though not explicitly stated in the original text)
425
Conditional permifin
the termes stated at
the sud
of Mr Manis' Munte It seems to me that
the first is preferalle
me
if marr noter
are wanted than caw Le supplied by the hos piileged balcks it райверед hould be better of
tiply the Want by
Tate pue
preferable
Scr I heade
Guld
which in
all groups.
Que 12/0
Grube ir nor be better fuser
Jind
wbells the Bant in
question is thought welf
or in looked upte
thor
is a theany concern..
letter Go
Corvine Combe be
If th
ou
chaper
of a respectette Barka
salter inclined to allow the issu
under the stated coochies. By
We Wald Ausubi
Trosuz furr
I
Y
In Buxton-
This National Bank of China is
a most wihound Concern...
It was brought out by the nations Justers, Executors & Lecurities Corporation
Paine Son & Pollack
under the auspices of
And with the usual anangements of
Founder's Shaus, heavy underw
and to an,
Lig
wohnts Chancelerine thriclan
of speculation. Aut of 100,000 then,
Leve thom half
And, of these.
were subscribed
Landeroland that ave
70 % remain to this day in the underwritin Lunds - In fewer thrm 2,400 than
have bem Cancelled in non payment of
Calls, in itself a
fact which ::
eufficents
of the Company's dricredit - An the emberected
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