CO129-481 - Governor Sir Stubbs - 1923 [8-12] — Page 472

Amount

V

least f

aperment

Coun

bullion A cover

QM

the total issue. Ther

the tacer Enis

གླུ།.

That

arranged

with the Chancenet Bank.

The Loft recommend für

acceptance of the proposal paul to

Каме

in view of

Ths' early

great

4-

wat be

dewand

ConcurrinCL

for artis

DRAFT.

Lou

episling,

Ordin

that he

may

Q. A

het

Aintuderent

the for. Io fused with the

q

the Orde Egandung

JN

The HRIS Bank.

H.5. does not that that the agreement is

deposit with in the foot com or bullion

la coron

titta form

ૐ

at Capt

weso

be embodied in the brace

Mr.

Mr.

Mr.

MINUTE.

It is true that, though the authorized

capital of the H.K. and S. Bank has been

increased to 50 million dollars, the paid up

capital, so far as H. G. is aware, still

remains at 20 millions only. But that seems

scarcely sufficient reason for rejecting

the present proposal, since the security

to be held by the Govt. against the ordinary

note issue up to 30 millions will be the not less tha than that

áááé/¿¿/thát which at present entitles the

Bank to issue ordinary notes up to 20 mil-

lions and an extraordinary issue of ten

millions more. and the amount of

Lan-top

lue Wat ordinary

Mr. Davis.

Sir G. Grindle.

Grace (jivos

Bir H. Read,

Sir J. Masterton Smith.

coin and bullion to be deposited with the

CLA

The Charles Baude

th

Mr. Ormsby-Gore.

Hong Hong Govt. will also be not less.

is outside

Duke of Devonshire.

Lo

Similar

The

серия

Kin

apeement

& apart from

Chanting ) but face the exiting provisions with

A

Letained.

excess with cosies will of

course be

ザ

دا

I am &c.

(Signed G. GRINDLE

464