CO129-462 - Governor Sir Stubbs - 1920 [7-10] — Page 309

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the 16th August, copies of which were attached to the accounts, states he is repared to accept in full settlement of the claim, it wṇa decided to hold beak the triplicate copy of the General Manager'a letter to you and to sak iɗ you would be so good az to furnish a fuller explanation of the matter for the consisør-

ation of the Controller.

I have the benour th ba,·

1Bir,

Your obedient servant,

.bataIob

.14

Secretary.

4 2323/8.

1st November,

20.

I am directed by the Controller to transmit to you the cccompanying Claims against German debtors which have been received, ineluded with others arising in Hong Kong, from the Local Controller,

2. As your Bank is incorporated in this country the laims of its branches must be lodged by your Head Office with the Central Clearing office in this country and the amounts due must, however, be expressed in sterling currency.

3. I am to state for your information that the official rates of prewar exchange, referred to in section (a) of Article 296 of the Treaty of Versailles, adopted in the case of Hong Kong with Germany is Marks 1.82 = 1 and as between Hong Kong and England Al = 1/100 & 1/16th.

I have the honour to be,

si.

sir,

Your obedient Servant,

Secretary.

knager,

Chartered Bank of India Australia & China,

38, Bishopagate,

E.G. 2.