CO129-278 - Governor Sir Robinson - 1897 [11-12] — Page 184

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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COPY

ENCLOSURE

27376

Fect

Res 23 507

181

Chartered Bank of India Australia and China.

Hong-Kong, 14th October, 1897.

Dear Sir William,

I notice from the Bank's London telegram that our Head Office has purchased since 4th ultimo from the Crown Agents for the Colonies over half a million dollars of 4% bills on the Colonial Treasury here, and that other Banks in London have also made purchases of the same description. Evidently, therefore, there has recently been a considerable amount of cash funds and call money in Hong-Kong at the disposal of the Government. I can hardly conceive that these funds have been lying idle in the Treasury vaults, as call money in Hong-Kong during the last three months, owing to delay in getting Silver Minted in Bombay into British Dollars, has been and is still worth from 4 to 6 per cent per annum, yet on looking over our quarterly returns ending 30th ultimo I can find a sum of only $5,500 on deposit in this bank at interest and that we have had no larger amount from Government at any time since 20th March 1895. I believe that this institution is one of the Banks included

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COPY ENCLOSURE 27376 Fect Res 23 507 181 Chartered Bank of India Australia and China. Hong-Kong, 14th October, 1897. Dear Sir William, I notice from the Bank's London telegram that our Head Office has purchased since 4th ultimo from the Crown Agents for the Colonies over half a million dollars of 4% bills on the Colonial Treasury here, and that other Banks in London have also made purchases of the same description. Evidently, therefore, there has recently been a considerable amount of cash funds and call money in Hong-Kong at the disposal of the Government. I can hardly conceive that these funds have been lying idle in the Treasury vaults, as call money in Hong-Kong during the last three months, owing to delay in getting Silver Minted in Bombay into British Dollars, has been and is still worth from 4 to 6 per cent per annum, yet on looking over our quarterly returns ending 30th ultimo I can find a sum of only $5,500 on deposit in this bank at interest and that we have had no larger amount from Government at any time since 20th March 1895. I believe that this institution is one of the Banks included
Baseline (Original)
: COPY ENCLOSURE 27376 Fect Res 23 507 181 Chartered Bank of India A China. Hong-Kong, 14th. October, 1897. Dear Sir William, I notice from the Bank's London telegram5 that our Head Office has purchasea since ath, ultimo from the Crown Agents for the Colonies over half a million of dollars of 010 bills on the Colonial Treasury here, and that other Banks in London have also Jace purchases of the same description. Evidently, therefore, there has recently been a considerable amount of cash funds and call money in Hong- Kong at the disposal of the Government. I can hardly con- ceive that these funus have been lying iale in the Treasury vaults, as call oney in Hong-Kong during the last three months, owing to delay in getting Silver Minted in Bombay into British Dollars, has been and is still worth from 4 to 6 per cent per annum, yet on looking over our quarterly re- turns encing 30th.ultimo I can find a sum of only $5,500 on deposit in this sank at interest and that we have hau no larger amount from Government at any time since 20th. Marchi 1895. I believe that this institution is one of the Banks included
2026-05-30 04:16:25 · Baseline
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:

COPY

ENCLOSURE

27376

Fect

Res 23 507

181

Chartered Bank of India A China.

Hong-Kong, 14th. October, 1897.

Dear Sir William,

I notice from the Bank's London telegram5

that our Head Office has purchasea since ath, ultimo from

the Crown Agents for the Colonies over half a million of

dollars of 010 bills on the Colonial Treasury here, and that

other Banks in London have also Jace purchases of the same

description. Evidently, therefore, there has recently been a

considerable amount of cash funds and call money in Hong-

Kong at the disposal of the Government. I can hardly con-

ceive that these funus have been lying iale in the Treasury

vaults, as call oney in Hong-Kong during the last three

months, owing to delay in getting Silver Minted in Bombay

into British Dollars, has been and is still worth from 4 to

6 per cent per annum, yet on looking over our quarterly re-

turns encing 30th.ultimo I can find a sum of only $5,500 on

deposit in this sank at interest and that we have hau no

larger amount from Government at any time since 20th. Marchi

1895. I believe that this institution is one of the Banks

included

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