CO129-278 - Governor Sir Robinson - 1897 [11-12] — Page 188

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

ENCLOSURE

27370

3185

1.

The statements in the first two paragraphs of Mr. Whitehead's letter are correct.

2.

The cash funds and call money have been earning interest at the rate of 2 per cent per annum on the daily balance.

3.

On the 30th June, the Government account with the Hong Kong and Shanghai Banking Corporation was overdrawn to the extent of $112,071.09.

4.

During July, two shipments of coins worth $250,000 each arrived and were at once disposed of. This caused the Government balance to temporarily exceed the authorised limits.

5.

On 28th July, the Crown Agents were advised by wire to draw $200,000. They replied "exchange at 7/4d; shall we defer drawing? Can arrange for funds" to which this Government replied "leave to your discretion".

6.

As the result of this correspondence, the Crown Agents deferred drawing till 10th September, but during September drew to the extent of $904,000.

7.

Since the middle of July, subsidiary coins to the value of $1,500,000 have been received and since 10th September, the Crown Agents have drawn to the extent of $1,554,000.

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COPY. ENCLOSURE 27370 3185 1. The statements in the first two paragraphs of Mr. Whitehead's letter are correct. 2. The cash funds and call money have been earning interest at the rate of 2 per cent per annum on the daily balance. 3. On the 30th June, the Government account with the Hong Kong and Shanghai Banking Corporation was overdrawn to the extent of $112,071.09. 4. During July, two shipments of coins worth $250,000 each arrived and were at once disposed of. This caused the Government balance to temporarily exceed the authorised limits. 5. On 28th July, the Crown Agents were advised by wire to draw $200,000. They replied "exchange at 7/4d; shall we defer drawing? Can arrange for funds" to which this Government replied "leave to your discretion". 6. As the result of this correspondence, the Crown Agents deferred drawing till 10th September, but during September drew to the extent of $904,000. 7. Since the middle of July, subsidiary coins to the value of $1,500,000 have been received and since 10th September, the Crown Agents have drawn to the extent of $1,554,000.
Baseline (Original)
COPY. ENCLOSURE 27370 3185 1. The statements in the first two paragraphs of ir. Whitehead's letter are correct. 2. The cash funus and call oney have been earning interest at the rate of 2 per cent per annui on the daily balance. 3. On the 50th, June the Government account with the Hong-Kong and Shanghai Banking Corporation was overdrawn to the extent of $112,071:09. 4. Daring July two shipments of coins of $250,000 worth Cach arrived anu were at once isposed of. This culised the Government balance to temporarily exceed the authorised limits. 5. On 28th, July, the Crown Agents were avisou by wire to oraw 200,000. They replied "exchange ai 7/lus shall we defer arawing. Can arrange for funes" to which this Go- vernment replied "leave to your discretion". 6. As the result of this correspondence, the Crown Agents deferred araving till 10th. September, but during Sep- tember drew to the extent of $904,000. 7. Since the middle of July subsidiary coing to the value of $1,500,000 Lave been received and since luth. Sep- tember the Crown Agents have drawn to the extent of $1,554,000
2026-05-30 04:16:54 · Baseline
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COPY.

ENCLOSURE

27370

3185

1.

The statements in the first two paragraphs of ir.

Whitehead's letter are correct.

2.

The cash funus and call oney have been earning

interest at the rate of 2 per cent per annui on the daily

balance.

3.

On the 50th, June the Government account with the

Hong-Kong and Shanghai Banking Corporation was overdrawn to

the extent of $112,071:09.

4.

Daring July two shipments of coins of $250,000

worth Cach arrived anu were at once isposed of. This culised

the Government balance to temporarily exceed the authorised

limits.

5.

On 28th, July, the Crown Agents were avisou by

wire to oraw 200,000. They replied "exchange ai 7/lus

shall

we defer arawing. Can arrange for funes" to which this Go-

vernment replied "leave to your discretion".

6.

As the result of this correspondence, the Crown

Agents deferred araving till 10th. September, but during Sep-

tember drew to the extent of $904,000.

7.

Since the middle of July subsidiary coing to the

value of $1,500,000 Lave been received and since luth. Sep-

tember the Crown Agents have drawn to the extent of

$1,554,000

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