492
Securities exceeds by $360,610 the amount of the Reserve which the Bank is required to deposit and we propose, with Mr Secretary Chamberlain's concurrence, to allow the proposed exchange of Securities. I enclose for the signature of Sir Robert Meade, the letter to the Bank of England which is required for the completion of the transaction.
I have the honour to be,
Sir,
Your Obedient Servant,
2.
મ
492
Securities exceeds by $360,610 the amount of the Reserve
which the Rank is required to deposit and we propose, with
Mr Secretary Chamberlain's concurrence, to allow the pro-
posed exchange of Securities. I enclose for the signature
of Sir Robert Meade, the letter to the Bank of England which
is required for the completion of the transaction.
I have the honour to be,
sir,
Your Obedient Servant,
2.
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