CO129-418 - Public Offices & Others - 1914 — Page 318

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22167

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75. Gracechurch Street.

London

REG?

22 18 JUN 14

Dear Sir John,

AC

15th June 1914

Treas

312

2001 6

I have your letter of the 13th

instant. I regret to learn there is

disinclination on the part of the Treasury to

revise the present terms of this Bank's Note Issue in Hong Kong, and as you suggest I will address them direct.

I note you state the Treasury point out that the terme suggested by our Hong Kong Manager would be more favourable to us than

the terms under which the Chartered & Hong

Kong Banks work.

This is correct in a sense only.

When the Chartered and Hong Kong Banka were

granted their Isanes their paid up capitals were $8 million and $ 10 million respectively,