CO129-407 - Public Offices & Others - 1913 — Page 147

24199

13

Copy.

TREASURY CHAMBERS,

116

13 December 1913.

C. O.

42980

REC

Gentleman,

REG: 15 DEC 13

In reply to your letter of the 13th ultimo, I ma

directed by the Lords Commissioners of His Majesty's Treasury to inform you that They have no objection to the first of the two alternatives proposed for the reallocation of the Bank's

authorised note issue, visa-

Hong Kong (to include Singapore and Penang $5,900,000

Shanghai

Tientsin

Siam and emergencies

$1,500,000

550,000

$ 50,000

$8,000,000

and They have requested the Secretary of State for the Colonion to onuse the necessary instructions to be conveyed

to the Colonial Anthorities,

By Loris agree that the increased limit proposed

for the note imaus at Hong Kong will not affect the power of

the Bank to issue notes in excess of the authorised limit on

the special conditions prescribed by the Supplemental Charter

of the 1st September 1902.

[

Gentlesen,

The Directors of the

Chartered Bank of India,

Australia and China,

38, Bishopsgata,

R.C.

Your obedient Servant,

(Sd) John Bradbury