CO129-448 - Governor Sir May - 1918 [4-6] — Page 236

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THE

2?

Bechett

235

7

August, 1918.

до

Dear Grindle,

Your letter of 18th April (18012/18) and subsequent letters about the security for the note issue of the Hong Kong and Shanghai Bank:-

It looks as if no account has been taken af coin held in

The Bank give us the

Hong Kong against the nete issue.

following figures for April 30th.

Notes in Circulation.

Ordinary Issue

$15,000,000

Exceas

M

6,000,000

$21,000,000

Statutory Reserve.

Against Ordinary Issue

$10,000,000

"

Excess

6,000,000

$16,000,000

Actual Reserve,

Securities in Lendon

£283,656

=

$2,000,000

Coin in Hong Kong

17,000,000

19,000,000

Surplus Reserve

$3,000,000