CO129-418 - Public Offices & Others - 1914 — Page 6

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VIGI

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tile Bank f ̧would be to put them in a more fa-:

vourable position than either of the other two Banks.

ay as well send out copy of the present Treas.

ster too to show how strongly T.Ls. object..

Сору

사

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autot tra

16. 14

Fft. Comor

буч

In the reply to this Letter the following Number should be quoted.

9626

14

M Chris

Sr. J. Andersa spoke tome

Day: he says the Dank

the placed

A na

Li

нижито

· sey squality with the

other Tanks the wishes a sens

official litter opp to the manager

(M. P. Mold) Lene tilting him what hashakpened see what comes

a

from the deep four to 15 kong

bit ft Joe conson

Bestper

git

Sir,

C.O.

TREASURY CHAMBERS.

4

20016

May 1914.

Hec

(REG 2 JUN 14)

I have laid before the Lords Commissioners of His

Majesty's Treasury Mr. Read's letter of the 7th instant

(13361/1914) forwarding a copy of a despatch with its

enclosures (original enclosure returned herewith) from the

Governor of Hong Kong relative to the note issue of the

Mercantile Bank of India.

In reply I am to request you to inform Mr.Secretary

Harcourt that My Lords, who as Mr. Harcourt will remember agreed with very great reluctance to the concession of note issue powers to this Bank in 1910, would most strongly deprecate any revision at the present date of the terms on which the concession was then granted. The terms now suggested are the same as those which were preposed and rejected in Treas

1910, and as stated in Treasury letter of the 25th June 1910 19449 (3523/10) they would, if granted, result in the placing of the Mercantile Bank in a more favourable position in regard to its note issue than either the Hong Kong and Shanghai Banking Corporation or the Chartered Bank of India Australia and China.

The Under Secretary of State,

Colonial Office.

I am

sir,

Your obedient Servant,

2. hath

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