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 58

A/476

CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

58

Valuation of securities held as cover for the note issue of

the bank in Hongkong and the Straits Settlements at the

lowest market prices on the 2nd January 1929.

Security

Amount

Price

Value.

£

£

Treasury 4% Bonds 1931-33

1,555,000

97

1,508,350

3ecurity required:-

1/3 $8,000,000 = $2,666,666.2/3 3 2/01/

£

$6,995,325 @

plus 1/3 of $82,140 = 27,380 @ 3.11/32d

2/01/2

Excess

1,508,350

Q

1

=986328: 6: 4

=

3819:4986,709: 15 : 8

£521,640.

4

11