CO129-312 - Acting Governor Major Gen Sir Gascoigne Governor Sir Blake - 1902 [7-9] — Page 502

No.433

Hongkong.

sir,

C. O.

45654

13--0 Goverment House,

499

5 NOV OC

Hongkong, 29th. September,

1902.

MO

39140

I have the honour to acknowledge the re-

ceipt of your telegram of the 20th. instant, authorizing the

Chartered Bank of India, Australia, and China to issue notes

in Hongkong in excess of the total authorized issue of

$8,000,000 on condition that coin or bullion to the full

amount of the excess is deposited with the Colonial Treasurer

and the Colonial Secretary.

2.

The limit of $8,000,000 mentioned in your

telegram is the total authorized issue of the Bank at its

various Branches, but the limit allotted to the Hongkong Branch

is $3,300,000 and any excess over that amount will be covered

by the deposit of coin or bullion to the full amount of the

excess under the control of this Government.

I have the honour to be,

THE RIGHT HONOURABLE

JOSEPH CHAMBERLAIN,

c • +

M.P.,

BBC ...

sir,

Your most obedient

Humble servant,

Henry will be

Governor, &c..

myD

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