Page
8
to email piankato add to abstļa adt vo? #adé od 11now nonanLĖTO
Tojbus ukoo zaktisoqué 2o moltqe ndë sad firma at merolLIEM Q5. or zakistrodas sit yf bokkaldım gllatórag už face,selfizmes to fuotas sắt sẽ xàos #marreveć odé dítly batinoqah gamë organla eď plno kives #gatuavbá,mobésimenko (12 Quenà đéon đưà 20 but\/
+
my 20 ease o...«£ ££8,428, Bač To Pandza Lint adë së saltimete atutitamo brez daltburnos sode, W91IIIN QU, vero ammel ss0oza tus Limbergo sa dea pernai yranžéro sát te adz¤\& och Tot zovee erreal asoska sốt taxlaya hotzarik gilasitanzénu od sloo to dicrÁBLA sanxe tri ban go thanasiffin A, vit anda bi Th rot railoh ra fisonel cáái tử Artis giới số Uyawka Ito med
.7sIIeš
...
EI
...
...
...
OPD, CODEL 300, 300,0
anitizʊsed ewrgit tadt oveďa bosastoai neitsimska stem adt HÀ eit to? nkos bus seseteni dern to sixtļi mei betisogni eď živeo TALĖS“ 10 000, 000, 65, końcest sumal secoxa eft Iktus kyš\I to selleled salır 000,000, 15; swanż Latos sit
VLAŽONS 24
338,338.
...
000,000, da
For notes issued in excess of $45,000,000 dollar for dollar would be deposited with the Hongkong Government.
The foregoing explanation will remove the misunder- atanding conveyed by the words in the telegram from the Governor of Hongkong i "to sover at least 1/8rd of the total issue".
The elasticity given to our note issue under the new Ordinance would be the facility of making use of securities in place of coin to the extent of $10 millions. Buch a facility constitutes no incentive to over-issue and would, at times, avoid difficulties in meeting the requirements of South China, the finance of which is centralised in Hongkong. The demand for notes
at China New Year is sudden and temporary and not always possible
to gauge and serious inconvenience is caused if the demand cannot ve mat. I would mention that the note expansion at China New Year often only lasts one or two days and I gather from the telegram of the Governor of Hongkong that a considerable expansion is antici- pated at the end of this month, China New Year falling on the 5th February. It is for this important resson that he requests per- mission be immediately granted for the passing of the Ordinance
empowering the Bank to increase its ordinary note issue to
$30,000,000.
I shall be glad if you will let me know as soon as
possible what decision has been reached as I should like to advise
our Head Office by wire.
Yours sincerely,
пи he abb
:
No comments yet.
Private notes are available after approval.