CO129-472 - Others - 1921 — Page 142

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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MINUTES

Any reply to this letter should be addressed to

THE SECRETARY, TREASURY, WHITEHALL, LONDON, S.W. 1, and the following number quoted: F.3533.

Treasury Chambers

9th August, 1921

247/48

Sir,

I am directed by the Lords Commissioners of His Majesty's Treasury to transmit herewith to be laid before the Secretary of State for the Colonies a copy of a letter dated the 27th ultimo, which They have received from the Chartered Bank of India, Australia and China on the subject of the note circulation of the Bank. My Lords understand that the proposal which the Bank desire to submit is that their note issue in excess of $8,000,000 should be covered by securities to the extent of only one-third and that the Bank realise that a Supplemental Charter will be required for this purpose. Their Lordships are not, however, disposed to assent to this proposal, as They consider that an increase in the note circulation of the Bank should be authorised only on condition that cover in securities up to the full amount of the issue beyond $8,000,000 is given. In this connection, I am to refer to Treasury Letter F.2866 of the 19th May last on the subject of the Under Secretary of State, Colonial Office.

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MINUTESAny reply to this letter should be addressed toTHE SECRETARY, TREASURY, WHITEHALL, LONDON, S.W. 1, and the following number quoted: F.3533.Treasury Chambers9th August, 1921247/48Sir,I am directed by the Lords Commissioners of His Majesty's Treasury to transmit herewith to be laid before the Secretary of State for the Colonies a copy of a letter dated the 27th ultimo, which They have received from the Chartered Bank of India, Australia and China on the subject of the note circulation of the Bank. My Lords understand that the proposal which the Bank desire to submit is that their note issue in excess of $8,000,000 should be covered by securities to the extent of only one-third and that the Bank realise that a Supplemental Charter will be required for this purpose. Their Lordships are not, however, disposed to assent to this proposal, as They consider that an increase in the note circulation of the Bank should be authorised only on condition that cover in securities up to the full amount of the issue beyond $8,000,000 is given. In this connection, I am to refer to Treasury Letter F.2866 of the 19th May last on the subject of the Under Secretary of State, Colonial Office.
Baseline (Original)
:MINUTES.MINUTESNOT TO BE WRITTEN ON THIS SIDE.Any reply to this letter should be addressed toTHE SECRETARY, TREASURY, WHITEHALL, LONDON, S.W. 1, and the following number quoted. F.3533.TATIONALOSABLEDPressing.39765 139 TREASURY CHAMBERS9th9 AUG 21 August, 1921.247/48.Sir,I am directed by the Lords Commissioners of His Majesty's Treasury to transmit herewith to be laid before the Secretary of State for the Colonies a copy of a letter dated the 27th ultimo, which They have received from the Chartered Bank of India, Australia and China on the subject of the note circulation of the Bank, My Lords understand that the proposal which the Bank desire to submit is that their note issue in excess of $8,000,000 should be covered by securities to the extent of only one-third and that the Bank realise that a Supplemental Charter will be required for this purpose. Their Lordships are not, however, disposed to assent to this proposal, as They consider that an increase in the note circulation of the Bank should be authorised, only on condition that cover in securities up to the full amount of the issue beyond $8,000,000 is given. In this connection I am to refer to Treasury Letter F.2866 of the 19th Hay last on the subject of Under Secretary of State,the Colonial Office.
2026-06-26 20:49:05 · Baseline
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MINUTES.

MINUTES NOT TO BE WRITTEN ON THIS SIDE.

Any reply to this letter should be addressed to

THE SECRETARY,

TREASURY,

WHITEHALL, LONDON, S.W. 1, and the following number quoted.

F.3533.

TATIONAL

OSABLED

Pressing.

39765 139 TREASURY CHAMBERS

9th

9 AUG 21 August, 1921.

247/48.

Sir,

I am directed by the Lords Commissioners of His Majesty's Treasury to transmit herewith to be laid before the Secretary of State for the Colonies a copy of a letter dated the 27th ultimo, which They have received from the Chartered Bank of India, Australia and China on the subject of the note circulation of the Bank, My Lords understand that the proposal which the Bank desire to submit is that their note issue in excess of $8,000,000 should be covered by securities to the extent of only one-third and that the Bank realise that a Supplemental Charter will be required for this purpose. Their Lordships are not, however, disposed to assent to this proposal, as They consider that an increase in the note circulation of the Bank should be

authorised, only on condition that cover in securities up to the full amount of the issue beyond $8,000,000

is given. In this connection I am to refer to Treasury

Letter F.2866 of the 19th Hay last on the subject of Under Secretary of State,

the

Colonial Office.

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