CO129-445 - Public Offices - 1917 — Page 55

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The Mercantile Bank of India Ltd. to Crown Agents.

Gentlemen,

30453

2. JUL

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15, Gracechurch Street,

London, E. C. 3.

13th July 1917.

52

Replying to your letter reference A/581, of the

11th inst., the face value of the Notes put into circulation

by our Hong Kong Branch at 15th January last was $11.22.070

which total remained unchanged at 30th April last. The

coin deposited on account of the Colonial Treasurer against

this was $5.50.000. We have also deposited with the Bank

of England against this note issue 5% War Loan for £73,700.-

and have made application for return of the fractional

£3700. In view of the rise in exchange we are handing the

Bank of England further £15,000.- 5% War Loan against this

note issue.

I am etc.

(Sgd) J.Stewart

Chief Manager.