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 19

Telephone No.: VICTORIA 1234.

NATIONA

Y.

FOR

RECEIVED

31 DEC 1929

Any reply to this letter should be addressed to-FI

SCHEME

ED MEN

DISABLED

THE SECRETARY,

TREASURY,

WHITEHALL, LONDON, S.W.1,

and the following number quoted.

F.3533/2.

to

boby 5 CA (3) Unad 800 42703

Sir,

H

но

TREASURY CHAMBERS.

19

3/ December, 1929.

I am directed by the Lords Commissioners of

His Majesty's Treasury to refer to Sir G. Grindle's letter

(23)

of the 20th September 1927 (30099/27) and to enclose

herewith a copy of a letter from the Chartered Bank of

India, Australia and China stating that they have

authorised their manager at Hong Kong to increase his

Note Issue up to $25,000,000 which, together with the

$3,000,000 at present allotted to North China etc., makes

a total of $28,000,000 allocated at present against the

$30,000,000 authorized.

My Lords will be glad to be informed whether

Lord Passfield has any objection to, or comments on, this

increase which for Their part They would be prepared to

approve.

A similar letter is being sent to the Foreign

Office.

I am,

Sir,

The Under Secretary of State,

Colonial Office.

Your obedient Servant,

7. W. Leith Nor

is