CO129-445 - Public Offices - 1917 — Page 53

581

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

GROWN AGENTS FOR THE COLONIES,

THE ABOVE REFERENCE AND THE

DATE OF THI. ETTER BEING QUOTED.

TELEGRAM8,"GROWN, LONDON." TELEPHONE 7750 VIOTORIA.

са

-889466.

.7.17.

sir,

30453

Mar 21 JUL 17

COAT

4. MILLBANK.

WESTMINSTER,

50

LONDON, S.W. 1,

20th July 1917.

With reference to our letter of the 21st November

last I have the honour to enclose a valuation of the stocks

*

held by us as security for the note issue of the Mercantile

Bank of India in Hong Kong, together with a copy of a

letter from the Bank stating the value of the notes in

circulation and the amount of coin deposited with the

Colonial Treasurer on the 30th April.

The value of the £15,000 5% War Loan which the

Mercantile Bank have deposited with the Bank of England is

£4645,8.0. in excess of the amount which is required to

extinguish the deficiency of £9529.12.0. and we are therefore,

to taking the necessary steps to release/the Kercantile Bank

of India £3700

5% War Loan as requested in their letter.

I have the honour to be,

Sir,

Your obedient servant,

Under Secretary of State,

Colonial Office,

S. " 1,

репатот

for Crown Agents.