I have the honour therefore to request that your Lordships will give the necessary instructions to the Crown Agents for the Colonies to telegraph to the Colonial Government of Hongkong authorising the issue of notes in that Colony to the extent of $3,300,000.
The total authorised issue of $8,000,000 is secured as follows:-
DRAFT.
Houghing Straits 484 45472. Trasury
You manager of the Cash deposited in Singapore on account of Singapore Branch $391,333 do Penang Branch............. $438,666-
33 67 Cash deposited in Hongkong on account of Hongkong Branch......$629,500 Securities deposited with Bank of England in the names of the Crown Agents for the Colonies:- Belgian 3%..... £12,000 Metropolitan 2½%... 53,000 Prussian 3%....... 25,000 New South Wales 3%.. 25,000 Queensland 3%...... 25,000 £140,000 or say about $1,400,000 Total......$2,859,500
The required amount being one third of $8,000,000 or $2,666,667, there is a surplus in the security of about $192,835, and this I trust will render unnecessary any change in the present arrangement.
I have the honour to be, My Lords, Your most obedient servant,
(Sd) Wm. A. Main. Manager. Chartered Bank of India, Australia and China
MINUTE. Mr. Shitbs eron Mr. Jolensa 276s Mr. Antrobus. Mr. Cox. Mr. Lucas. Mr. Graham. Sir M. Ommanney, Earl of Onslow. Mr. Chamberlain. with 2 LFF
Deo you Sir I am lun directed by Set Chamberlain to inform you that pics of your letter of the 11 the wake. ofter this L.C. If the Freasing Subject of the so desta nitution between the Borghes in the East of thu. q tu note-còsure- Chartered Bank of Pudia Australia & China has been forwarded to the
I have the honour therefore to request that your
Lordships will give the necessary instructions to the Crown Agents for the Colonies to telegraph to the Colonial Government of Hongkong authorising the issue of notes in that Colony to the extent of $3,300,000.
The total authorised issue of $8,000,000 is
secured as follows:-
DRAFT.
Houghing
Straits
484
45472.
Trasury
You manager of
the
Cash deposited in Singapore
on account of Singapore Branch $391,333
do Penang Branch............. $438,666-
33
67
Cash deposited in Hongkong
on account of Hongkong Branch......$629,500 Securities deposited with Bank of England in
the names of the Crown Agents for the Colonies:- Belgian 3%..... .£12,000 Metropolitan 24%... 53,000 Prussian 3%.......
25,000
New South Wales 3%.. 25,000
Queensland 3%. . . . ... 25,000
£140,000
or say about
$1.400.000
Total.
.$2,859,500
The required amount being one third of $8,000,000
or $2,666,667, there is a surplus in the security of about
$192,835, and this I trust will render unnecessary any change
in the present arrangement.
I have the honour to be,
My Lords,
Your most obedient servant,
(Sd) Wm. A. Main.
Manager.
Chartered Bank
Endia, Australia
and China
MINUTE. Mr. Shitbs eron
Mr.
Jolensa 276s
Mr. Antrobus.
Mr. Cox.
Mr. Lucas.
Mr. Graham.
Sir M. Ommanney,
Earl of Onslow.
Mr. Chamberlain.
with 2 LFF
Deo you
Sir
I am
lun
directed by
Set Chamberlain to
inform you that
pics of your letter
of the
11
the
wake.
ofter
this L. C. If the Freasing
Subject of
the so desta nitution between the Borghes
in
the East of
thu.
q
tu
note -còsure-
Chartered Bank of
Pudia
Australia
& China has been
forwarded to the
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