CO129-407 - Public Offices & Others - 1913 — Page 141

COPY

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22699/15

C. O.

4176

TRES

REG: 4 FC 13

CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

38, BISHOPSGATE,

1

To the Lords Commissioners

of His Majesty'a Treasury,

My Lords,

LONDON, E.C.

13th November 1913.

S.V.

We find it necessary to address your Lordships on the subject of the appropriation of our limit of $8,000,000 for the issue of notes. As advised in our letter of 9th August 1910 the present arrangement is

Hong Kong

Shanghai

Tientsin

$5,000,000

$1,500,000

$ 750,000

Bangkok

250,000

Singapore

Penang

$ 200,000

$ 200,000

Leaving for emergencies

$ 200,000

$8,000,000.

Our note circulation in Bangkok has been withdrawn

in favour of the Notes of the Siamese Government, and our out- standings there are only Ticals 5,111.

In the Straits Settlements we have also called in our circulation in terms of arrangements made with the Straite Government, until the outstandings have been reduced to:-

Penang

Singapore

$76,635 $74,025.

In Hongkong, where the notes of this Bank form part

of the legal tender, the demand increases steadily, and with

your

War

2.