CO129-446 - Others & Individuals - 1917 — Page 258

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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You will notice that the first issue of 5 million dollars of notes will be deposited with the Govt as part of the Bank's security and will be issued to the public. There will be no special reason to anticipate a shrinkage in the Bank's cash within the next few months until we issue the next 5 millions we will do our best to keep a large margin. I think we shall be safe in using the white silver stock for these next 5 millions to form a backing both for the notes issued to the public and for those issued to the Bank of China, though the 10 million still remaining in reserve deposited with the Govt will provide for shrinkage.

I think after the first issue of 5 million, we could safely begin the half & half arrangement - i.e. holding half here & sending half to India, and our experience then will show whether we can safely work with excess cash in the Bank, and replace it with our assets.

I think the best plan would be for Austen to see Sir Charles Addis of the Hongkong & Shanghai Bank & put the matter before him confidentially. Will you let me know if Abrahams agrees to this and if he generally approves the foregoing? We propose to leave it to Austen to get the concurrence of the Government of India at a later stage. It is essential to obtain the Hongkong & Shanghai Bank's approval first, as they are the most important consideration in deciding whether to adopt this scheme.

Yours sincerely,

ARC

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2026-06-14 01:35:17 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
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You will notice that the first issue of 5 million dollars of notes will be deposited with the Govt as part of the Bank's security and will be issued to the public. There will be no special reason to anticipate a shrinkage in the Bank's cash within the next few months until we issue the next 5 millions we will do our best to keep a large margin. I think we shall be safe in using the white silver stock for these next 5 millions to form a backing both for the notes issued to the public and for those issued to the Bank of China, though the 10 million still remaining in reserve deposited with the Govt will provide for shrinkage.I think after the first issue of 5 million, we could safely begin the half & half arrangement - i.e. holding half here & sending half to India, and our experience then will show whether we can safely work with excess cash in the Bank, and replace it with our assets.I think the best plan would be for Austen to see Sir Charles Addis of the Hongkong & Shanghai Bank & put the matter before him confidentially. Will you let me know if Abrahams agrees to this and if he generally approves the foregoing? We propose to leave it to Austen to get the concurrence of the Government of India at a later stage. It is essential to obtain the Hongkong & Shanghai Bank's approval first, as they are the most important consideration in deciding whether to adopt this scheme.Yours sincerely,ARC
Baseline (Original)
You will notice that the frisson Blueworld be deposited with the Gost as 5 mithion dollars of.hart of the Banks security and woh mit be issued to the public. therewit be as fecial reaso to anticipati a shrinkage in the Bank's with sitnes next 5 millions we iscere our best5 wiluntil we issersaust hid to the public. I think we the whiteof the silver rech for these next 5 millions to form a backing both for the notes issued to the public and for those issued & The Bank of coin though the 10 million stillhi the BautheN― remaining reserve deposited toGot world provide for shrinkage.I think wealarge margin1stat issue pastes i million could safely begin the half & half arrangement - cc. holding half 254 & Sendung half to India, and our experiencely then lathe more coin from thethem and show whether we calreserve safely excess with offereof the Bank, and replace it with our attoI think the best flan word is for Aut to see Sir Charles Addis of The An & Sh. Bank & put the matter before hirlet me Kurz confidentially. Will if AbrahamsWill you agrees to this and if he generally approves the forgoing?we propose to leave it to to get the concurrenceYou of the heamery of Sudia at a later stage. It is the needBarch to originates this scheme and which fromboy for the most important considuation in deciding whether to adopt it.yours sincerelyARC
2026-06-14 01:35:17 · Baseline
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You will notice that the friss

on Blue

world

be deposited with the Gost as

5 mithion dollars of.

hart of the

Banks security

and

woh mit be issued to the public. there

wit be

as fecial reaso

to anticipati

a shrinkage in the Bank's with sitnes

next 5 millions we iscere our best 5 wil

until we issers

aust hid

to the public. I think we the white of the silver rech for

these next 5 millions to form a backing

both for the notes issued to the public and for those issued

& The Bank of coin

though the 10 million still

hi the Bauthe

N

―

remaining

reserve deposited to

Got world provide

for shrinkage.

I think we

a

large margin

1stat issue pastes i million

could

safely begin the

half & half arrangement - cc. holding half

254

& Sendung half to India, and our experience

ly then lathe more coin from the

them and show whether we cal

reserve

safely

excess with offere

of the Bank, and replace it

with our atto

I think the best flan word is for

Aut

to see Sir Charles Addis of

The An

& Sh. Bank & put the matter before hir

let me Kurz

confidentially. Will

if Abrahams

Will you

agrees

to this

and if

he generally approves the forgoing?

we propose to leave it to

to get the concurrence

You

of the heamery

of Sudia

at a later stage. It is the need

Barch

to originates this scheme and which from

boy for the most important considuation

in deciding whether to adopt it.

yours sincerely ARC

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