CO129-510-1 Correspondence concerning securities held against note issues by various banking corporations 28-2-1928 - 16-10-1928 — Page 33

KUMAR 1928

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

GROWN AGENTS FOR THE COLONIES.

THE DATE OF THIS LETTER BEING QUOTED

AND THE FOLLOWING REFERENCE ...

TELEGRAMS. "CROWN. LONDON."

TELEPHONE, 7730 VICTORIA.

Sir,

CROWN

A/4740.

AGENTS

FOR THE

COLONIES

3

2

4, MILLBANK,

WESTMINSTER,

LONDON, S.W. 1.

6th March, 1928.

3.3

་

Cop

30099/27 no 6

2

30.1.28.

21.2.28.

& enclos. 7.2.28.

With reference to our letter of the 16th

March 1927, I have the honour to transmit for the

information of the Secretary of State for the Colonies,

valuations as on 3rd January 1928 of the securities held

by us as cover for the note issues of the Hong Kong and

Shanghai Banking Corporation and the Chartered Bank of

India Australia & China in Hong Kong and the Straits

Settlements.

Copies of letters received from the banks

giving details of the note circulation and the amount of

coin deposited in Hong Kong and Shanghai are also enclosed;

these refer to 31st December 1927.

2.

It will be seen that the valuations

show an excess over the amount of security required,

amounting to £433,606. 2. 3. in the case of the Hong Kong

& Shanghai Banking Corporation and to £289,624. 11. 5.

in the case of the Chartered Bank of India Australia &

China.

The Under Secretary of State,

COLONIAL OFFICE.

I have the honour to be,

Sir,

Your obedient servant,

wat wichhart

for CROWN AGENTS.

H