CO129-263 - Acting Governor Barker Governor Sir Robinson - 1894 [5-8] — Page 435

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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furnish the naval

val. retur

I have k

87. G. W. F. Playfair.

Miel Manager

The Horrible.

N. G. Mitchell-Innes

Colonial Treasurer. Hongkong

DRAFT.

Je Secretary

Mr.

Mr.

to the Treasury.

MINUTE.

Stanley's 25 Aug. Lucas 25

Mr. Fairfield.

Mr. Wingfield.

Mr. Bramston.

Back

Meade.

Mr. Buxton.

Marquess of Ripon

8 June 1894. End. un 12771.

H

We/12771 Hong Kong

Sir,

Downing Street

Aug 29

And

August 1894.

431

Refer> 4yr letter 8909/94 of the 5th of June I am directed by the Marquess

of Ripon to transmit to you to be laid

before the Lords Commissioners of the

Treasury a copy of an application from

the National Bank of China that its

recently issued notes may be received

in payment of taxes and otherwise at

the Treasury of Hong Kong.

Lord Ripon is advised that

the Bank is entirely within its rights in issuing the notes, but it is a question of policy whether the Colonial Government would do well in receiving

them in the ordinary course of business.

His Lordship caused inquiries

to be made as to the standing of the

National Bank of China; and its financial

history turns out to be

so unsatisfactory that he

has decided that its notes cannot be

received by the Govt.

But apart from this, and admitting that there is a real demand for

further notes, it seems questionable whether it is fair to the Hong Kong

and Shanghai Bank which has at the

instance

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furnish the naval val. retur I have k 87. G. W. F. Playfair. Miel Manager The Horrible. N. G. Mitchell-Innes Colonial Treasurer. Hongkong DRAFT. Je Secretary Mr. Mr. to the Treasury. MINUTE. Stanley's 25 Aug. Lucas 25 Mr. Fairfield. Mr. Wingfield. Mr. Bramston. Back Meade. Mr. Buxton. Marquess of Ripon 8 June 1894. End. un 12771. H We/12771 Hong Kong Sir, Downing Street Aug 29 And August 1894. 431 Refer> 4yr letter 8909/94 of the 5th of June I am directed by the Marquess of Ripon to transmit to you to be laid before the Lords Commissioners of the Treasury a copy of an application from the National Bank of China that its recently issued notes may be received in payment of taxes and otherwise at the Treasury of Hong Kong. Lord Ripon is advised that the Bank is entirely within its rights in issuing the notes, but it is a question of policy whether the Colonial Government would do well in receiving them in the ordinary course of business. His Lordship caused inquiries to be made as to the standing of the National Bank of China; and its financial history turns out to be so unsatisfactory that he has decided that its notes cannot be received by the Govt. But apart from this, and admitting that there is a real demand for further notes, it seems questionable whether it is fair to the Hong Kong and Shanghai Bank which has at the instance
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furnish the naval val. retur I have k 87. G. W. F. Playfair. Miel Manager The Horrible. N. G. Mitchell-Serves Mlonial Treasurer. stongkong DRAFT. je Secretary Mr. Mr. to the Treasury. MINUTE. Stani's 25 Aug. Lucas 25 XMr. Fairfield. Mr. Wingfield. Mr. Bramston. Back Meade. Mr. Buxton. Marquess of Ripon 8 June 1894. End. un 12771. H We/12771 Hong Kong Sir, Downing Street Aux 29 And August 1894. 431 Refer> 4yr letter 8909/94 of the 5th of June I am directed by the Marquess of Ripon to transmit to you to be laid before the Lords Commissioners of the Treasury a copy of an application from the National Bank of China that its recently issued notes may be received in payment of taxes and otherwise at the Treasury of Hong Kong. Lord Ripon is advised that the Bank is entirely within its rights in issuing the notes, but it is a ques- tion of policy whether the Colonial Government would do well in receiving them in the ordinary course of business. His Lordship caused inquiries to be made as to the standing of the National Bank of China;and its financial tuous out to be history so unsatisfactory that he has decided that its notes cannot be received by the Govt. But apart from this, and ad- mitting that there is a real demand for further notes, it seems questionable whether it is fair to the Hong Kong and Shanghai Bank which has at the instance
2026-05-27 12:29:09 · Baseline
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furnish the naval

val. retur

I have k

87. G. W. F. Playfair.

Miel Manager

The Horrible.

N. G. Mitchell-Serves

Mlonial Treasurer. stongkong

DRAFT.

je Secretary

Mr.

Mr.

to the Treasury.

MINUTE.

Stani's 25 Aug. Lucas 25

XMr. Fairfield.

Mr. Wingfield.

Mr. Bramston.

Back

Meade.

Mr. Buxton.

Marquess of Ripon

8 June 1894. End. un 12771.

H

We/12771 Hong Kong

Sir,

Downing Street

Aux 29

And

August 1894.

431

Refer> 4yr letter 8909/94 of the 5th of June I am directed by the Marquess

of Ripon to transmit to you to be laid

before the Lords Commissioners of the

Treasury a copy of an application from

the National Bank of China that its

recently issued notes may be received

in payment of taxes and otherwise at

the Treasury of Hong Kong.

Lord Ripon is advised that

the Bank is entirely within its rights in issuing the notes, but it is a ques-

tion of policy whether the Colonial Government would do well in receiving

them in the ordinary course of business.

His Lordship caused inquiries

to be made as to the standing of the

National Bank of China;and its financial

tuous out to be

history

so unsatisfactory that he

has decided that its notes cannot be

received by the Govt.

But apart from this, and ad-

mitting that there is a real demand for

further notes, it seems questionable whether it is fair to the Hong Kong

and Shanghai Bank which has at the

instance

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