CO129-436 - Acting Governor Claud Sever & Governor Sir May & Public Offices - 1916 [11-12] — Page 648

O

MERCANTILE BANK OF INDIA

}

C.O.

644

12289

RES

Race 15 MAR 16

Valuation of securities held as cover for the note issue

of that Bank in Hong Kong at prices of the 1st of March.

Trustees of Port of Bombay

4 Debentures

£10,000 @ 74

€ 7,400

Madras & Sn Mahratta

Aly Co. 4% Debenture

Southern Punjab Railway Company 4%

Cun Pref. Stock £23,040 @ 86

Stock 1938 235,000 @ 93

32,650

19,814. 8.

2 59,764. 8.

Notes in circulation on 1st January 1916

Plus 5%

$ 1,073,770

53,689

Deduct amount of coin deposited with Colonial Treasurer on 1st January 1916

Amount of security required

$ 1,127,469

850,000

277,459

$277,469 @ 1/11†

Excess security

=

Co.

1

26,878, 168.10d.

£32,885. 1le. 2d.

zł

Note:-

The Trustees of Port of Bombay 4% Debentures have

been valued at the price of the 1st of March; the other stocks

have been valued at the minimum prices fixed by the Stock

Exchange Committee.