CO129-283 - Acting Governor Major Gen Black - 1898 [5-6] — Page 344

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Dear Sir,

C.0.

340

ENCLOSURE 2.

14901

RES

6 JUL 19

Chartered Bank of India, Australla

and China.

Hong-Kong, 21st. May, 1898.

I very much regret that exceptionally heavy

pressure of office work has prevented my sooner replying to

your letter of 14th. instant, directing my attention to the

fact that our return of bank notes dated 5th. inst. shews the

average for April to be $2,938,719, whereas the limit in this

Colony was laid down by the Lords Commissioners of Her Majes-

ty's Treasury at $2,750,000 and you call for our observations

in this matter for the information of Government.

In reply let me state that the Bank's fifth

supplemental Charter dated 29th. October 1897 willed and or-

dained

*

"

That the said Company shall within three months from

the date of the said supplemental Charter deposit and

thenceforth at all times keep deposited either with the

14

Crown Agents for our Colonies in London or with Trustees

*to be appointed by the Treasury or partly with such

Crown Agents and partly with such Trustees coin of deno-

"minations to be approved by the Treasury or securities The Hon. The Colonial Treasurer,

HONG- KONG.

to