CO129-467 - Governor Sir Stubbs & Acting Governor Claud Severn - 1921 [1-5] — Page 29

28

Îi sa ine,000,000,05% to mure and stew sonsnibić biss

tise and to moidrog Jasl edt yd bosoqri anoidibnes aft

To secore mi svesi yme to doequer mi SS noidos?

sher need ton bed 000,000,0%

.(0)

to noitsoo[IA

ai edisoqat

birm add to &I noijumë te (S) moidosɛ-du?

anizem bna znizitoddus yo betners yderon si sonamiitŰ

nion nous betisoqah quox od ynaqmot end tot lutwal di

DT8 82,8sitituosa kae njoo rious to „80iðÍTU098 TO

vIdzeg Jud ynolod and ai yluo Jon of betreist mletedt

Bilio eTed Beoɛiq ranjo ni yltreq Los ynofe) eda ni

HR 2071 bemei sait od smið next 978 Baton bas

Jnuoma and Jerit bekivong vragmo) and lo ‡nomis:ldaðRO

of Leupe ad adiutius end ni llade atisoqat dove to

ent to lediqeo qu-bieg [edod Jussety and to brand-sne riowa Jard bebivorq bae ,000,000,05% viemen ynsqne)

se david dove ridcw shar ed sexes Ila ni Liaria stiepoob

ert yd bevciqqe to bednioqqe ad yer ar maribotevo to

Lise sdt to EI moidosƐ to (5) noitose-dμ? .(b)

ynlasm bas ynizizondue yo kokneme ydered si sonsaibrü

nioo nove bediaoqen qesa of Vasquet and tot lutwal Ji

MLDTOLJ S16 Beneillud is пico 10 orliwa 10

ent ar vitrsy Jed ymofol edd ni ylac jon joj LSTISİST

one allio eredu eroalg Terito ni yitiaq una quolo)

„Laumsi smij oj smuj mort vis ynsqmal and to edo

edit ai IIade adicoqab Nous to Javors 3 dand bebivorq to evesi and to sulet elonw and of Isups ad ejayTB

qu-bisq Lednd daswarq art to seeore mi seton bne silid

ans qui (000,000,05% yleman) yrıcymo) sdł to Istigao

Jans usbivorq cne „noitalvorio ni vilkusos mied smið

dows njiw eben od sesso ila ni Ilere stisoqet dous

Lovorąqe no bednioqqe ed yor se anribojevo to ssetesid

.Tomievoù edt yd

to Jouquet edon yzenitтO

to goijsooÏLA ni aflacqeb

lo JoegeeT

#jom seeɔXO

.ÜÜRBİ

NOTE:

(1) The Ordinance will of course not come into force until after the paid-up capital has been increased (as now proposed) to the existing limit of 820,000,000. (2) The effect of Clauses (b), (c) and (d), will be to get rid of the present restrictions by which

(i) the ordinary note issue if it exceeds the sum ⚫f $10,000,000, though not exceeding the paid up capital, has to the extent of the excOSS over $10,000,000, to be secured by a deposit of coin and or securities of an equal amount, instead of one-third only.

and (ii) the deposits of coin, bullion and/or securities

to secure one-third of the ordinary note issue

and the whole value of any excess lague have

to be made only in Hengkong,

the Bank considering that the conditions applying to the ordinary note issue up to the amount of the old paid-up capital of £10,000,000, may safely be applied to any increase of the ordinary note issue up to the amount of the new paid-up capital of 820,000,000 - and that the Bank should be allowed to have portions of its deposited coln muillen and/or securities available in other places where issues of notes are made by it, and not solely in Hongkong.