CO129-515-14 Extension of powers granted to Merchantile Bank of India- Ltd.- to make- issue- re-issue and... 20-2-1929 - 18-1-1930 — Page 12

Smely not

40. Treasury (F.3537/2)

12

31.12.29

twas copy letter from Ch. Back of 1. a. C. authorising momager ar 144, to increase Note Wave up to $25,000,000.

asko who there is my objectionthaald.

This requires a carpel

reio

임

хората

conson.

the recent currency situation

in 1d. K.

There is no

Conger a premmin on

Stes

and it affears from 62922/29 (6)

that $1 notes have been temporarily

with drawn from circulation,

It is

difficult to know, on the information

available, if there is sufficient

justification for

an increase to this

and I think that

bank's note issue

as

well as consulting C.A. we might on this occasion ask the Goo. for

his views.

The present her increase

authion

raises ite Bank's unique in 4. K. to

$25 millions for ze the previous

figure

was offerently $20 millions (see