then issue they have to deposit coin and for
securities
धनत
to the full extent of
5 million.
The
remainder of this issue is
called
Reim
exceed with steel and against
this
fr to the our present holding of 253
15 million dollars against the excess issue-
of the #Rong & Shanghai Bank, it seems
almost sinful that the white
they have to deposit with the sort off Nicong comm
further details of this time at present not
- anything about the issues of the Chartered Bank
and of the Mercantile Bank of
or
bullion (not securities) to the full extent
г
16
Excess Biul
qe this way
we are now holding some
15 withion dollars.
J
Theirs. I used aut
jo
into
say
J
Thin
DRAFT.
huge supply V
silver I they
are th
hs
the demand
q
British dollars) should be locked up when
India is so urgent.
I would propose is
ask
the back 4
India which
при
to our
Cathing 5 millions poun
рот
M
auch less important.
this
و
incluind to think that the Bank
Ala
i
I
resues need not be, and will not be, interfered
675
vary greatly by a Gost asti issue. I belive
that the capacity of China for absorbing sound adis is life, and the Banks have always been, discouraged four besting that capacity by having to defreit with
the Gore dollar for
Andeed they actually
Greeft in so far
Atlan
against
love
wonly
Па
Their excess Alado.
Their exce of iffere
as their woher comentand a
I as they almost invariably do
premium,
fast
Leserve
Save
A
I replacing their with our
5 millions of East notes. If we
L
guarantee that this wa
eventually
be done I do not see why the Bank
could not consent.
song
to India at
send Kem,
Securities
rufee
to the 5 millions
once.
be shot Ken
sventually
them, and you wd give
un rufee
equivalent to the unumber of
the into which the silver was commed
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