CO129-268 - Governor Sir Robinson - 1895 [7-11] — Page 592

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securities deposited by the Hong. Kong and Shanghai Banking - Corporation with the brown Agents converted at the present rate of exchange together with the sum of $82,000 in Chinese Bondo deposited in the Colony amount to less than the sum required as security against their

note issue, vir. $3,333,333,

but that

taking the market value of

these securities as

reported by

the Bank there is a consider-

able excess over that sum.

2.

>

2.

I am unable to find

any ruling

as to whether the

securities deposited with the Crown Agents

are

to be taken

at their nominal or market value and I shall be glad to have this point decided. Of the decision is

3.

that the market value is to be taken I have the honour to suggest that the Crown

Agents be instructed to furnish to this Government a quarter. by return of the securities -

showing

i