Treas
7688
572
regarding the condition imposed by Your Lordship that the
additional note issue must be covered by the deposit of
security to the full amount of the additional capital.
2.
I have now informed the Chief Manager of the Bank that an Ordinance with a suspending clause will be introduced to authorise the desired addition to the capital of the Corporation on the condition contained in Your Lordship's telegram of the 5th instant.
3.
I shall be glad to learn whether the Chief Manager is correct in the assumption expressed in his second letter, that His Majesty's Government will, if the occasion arises, accept the Hongkong Government as Trustees for the deposit of securities under Section 2 of Ordinance No. 1 of 1899.
I have the honour to be,
My Lord,
Your Lordship's most obedient,
humble servant,
Governor,
{
Treas
7688
572
regarding the condition imposed by Your Lordship that the
additional note issue must be covered by the deposit of
security to the full amount of the additional capital.
2.
I have now informed the Chief
Manager of the Bank that an Ordinance with a suspendirg
clause will be introduced to authorise the desired addition
to the capital of the Corporation on the condition contain-
-ed in Your Lordship's telegram of the 5th. instant.
3.
I shall be glad to learn whether
the Chief Manager is correct in the assumption expressed
in his second letter, that is Majesty's Government will
if the occasion arises accept the Hongkong Government as
Trustees for the deposit of securities under Section 2 of
Ordinance No. 1 of 1699.
I have the honour to be,
ty Lord,
Your Lordship's most obedient,
humble servant,
Governor,
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