CO129-284 - Acting Governor Major Gen Black - 1898 [7-8] — Page 25

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Chartered Bank of India A & China

Hong-Kong, 29th. June, 1898,

Dear Sir,

On receipt of your No.957 of 13th. inst. refer-

ring to the Honourable The Colonial Treasurer's letter of 14th,

May and our reply dated 21st.idem and directing our attention

to the return furnished by us on the 2nd. inst, which shews

Notes in circulation to the value of $2,836,976 or $86,976 in excess of the limit of $2,750,000 arranged between our Head

Office and the Lords Commissioners of Her Majesty's Treasury,

we at once communicated with our Branches at Penang, Shanghai

and Singapore and Agency at Bangkok. In reply we have been

informed that the daily average issue for April last was as

follows.-

at Penang.

$1,984,953 -

at Shanghai,

at Bangkok.

218,443

18,000 -

at Singapore

actual figures not to hand but

under 2,000,000

and at Hong-Kong..

or an aggregate of.

2,938,719

$7,160,115

as against the maximum issue of $8,000,000. As advised in our

The Honourable

THE COLONIAL SECRETARY.

letter