CO129-510-1 Correspondence concerning securities held against note issues by various banking corporations 28-2-1928 - 16-10-1928 — Page 18

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My Lords also note that the

standing deposits

at Hong Kong and Shanghai will not be varied, and

that the concession will only be utilised to meet

seasonal and temporary fluctuations within a

maximum limit to be determined by the Governor of

Hong Kong who will be notified on every occasion

on which the facility is used, and whose special

permission will be asked for in the event of the

Bank wishing to exercise the power continuously

+

for a period exceeding 30 days.

I am,

Sir,

Your obedient Servant.

7. W. Leith Moss