CO129-445 - Public Offices - 1917 — Page 54

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MERCANTILE BANK OF INDIA

Valuation of security held as cover for the note issue

of the bank at prices of 3rd July.

Hong KonE

Security

Amount

Price

Value

War Loan 5%

£73,700

94

£69646.10.0.

Notes in circulation on 30th April 1917.

Plus 5%

$1,122,070

56,104

$1,178,174

Deduct amount of coin deposited

with Colonial Treasurer on 30th April.

1917.

550,000

Amount of Security required

628,174

4628,174 @ 2/640

=

£79,176.2.0.

Deficiency = £9,529.12. 0.

51