CO129-354 - Public Offices & Others - 1908 — Page 114

}

letter from that

Deft of

(439)

the fore with

the a

32;, 7

COPY

Read Form

WurWilkins

Attach to 23697.

2

HONGKONG & SHANGHAI BANKING CORPORATION, 31, LOMBARD STREET, LONDON, E.0.

27th August 1908.

113

Zuggestiai

that the

posikiai

Shared be

enflaired

Portuguese

that he

that

the

Minister

sho be infä

the frohibition

in accordance with

the law of sthang

Mare

settled

policy

of

stms. regarding note

issues

the Colonies

R.F.Wilkins Esq.,

The Treasury,

Whitehall, London.

Dear Sir,

Referring to my latter of the 17th June, I have

now received the desired information from our Head Office, Hongkong. They confirm that the competition of the Portuguese Bank Notes in Hongkong, although present, has not so far assumed serious importance. From the enquiries they have made it appears that the Merchant, Agents in Hongkong of the Banco Nacional Ultramarino (Messrs A.V.Apcar and Company) find that about $30,000. of Macao Notes come into their hands weekly to be returned at frequent intervals to Macao for the purpose of being cleared. Notes principally find their way into the Colony in the ordinary course of trade between Macao and Hongkong and also in the Exchange shops which bring them for the purpose of sub- sidiary coin, which at present is at a considerable discount.

I am,

Dear Sir,

Yours faithfully,

(sd) C. L. ADDIS

Manager.