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 56

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES.

THE FOLLOWING REFERENCE AND THE

DATE OF THIS LETTER BEING QUOTED.

A/476

TELEGRAMS;

CROWN LONDON.

TELEPHONE; 7730 VICTORIA,

Sir,

CROWN

AGENTS

FOR

COLONIES

THE

4, MILLBANK,

6263

2

WESTMINSTER,

LONDON, S.W.1.

56

21st February 1929.

4.

2. 29

2

20m

52821/28

10. 2. 29 & encls.

6. 2. 29.

eaty Imre

With reference to our letter of the 6th

March 1928, I have the honour to transmit for the

information of the Secretary of State for the

Colonies, valuations as on the 2nd January 1929 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 and 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 1928.

2. It will be seen that the valuations show

an excess over the amount of security required,

amounting to £422,107. 19. 8 in the case of the Hong

Kong and Shanghai Banking Corporation and to

£521,640. 4. 4 in the case of th: Chartered Bank of

India Australia and China.

I have the honour to be,

Sir,

Your obedient servant,

Wat wichbert

for Crown Agents.

The Under Secretary of State,

i

COLONIAL OFFICE.

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