CO129-329 - Governor Nathan - 1905 [7-12] — Page 89

CONFIDEN T

I.

Hongkong.

sir,

87

31049

20 AUG 05!

Government House,

Hongkong, 27th. July, 1905.

My attention has recently been

called to the comparatively small extent to which the

agency of the Hongkong and Shanghai Banking Corporation has

of late been utilised by the Crown Agents for their drafts

on this Colony and to the use that has been made of two

foreign institutions, viz.:- the Russo-Chinese Bank and

the International Banking Corporation and Guaranty Trust

Company of New York.

2.

I annex a statement showing the

sums drawn through the various banking institutions in the

Colony in the year 1904 and the first 6 months of 1905. It

shows also that these drafts were principally necessary

to meet payments for the subsidiary coinage imported into

the Colony.

3.

In connection with this coinage I

have

HE RIGHT HONOURABLE

ALFRED LYTTELTON, K.C., M.P.,

&C. ›

800.

&C...