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 64

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES,

THE FOLLOWING REFERENCE AND THE

DATE OF THIS LETTER BEING QUOTED.

A/501

•

TELEGRAMS: CROWN, LONDON."

TELEPHONE: 7730 VICTORIA.

CROWN

AGENTS

FOR THE

COLONIES

4. MILLBANK,

5252.1

64

WESTMINSTER,

LONDON, S.W.I.

20th February 1929.

I on

Sir,

52821/28.

6.2.29.

Entry Tnews

With reference to our letter of the 6th March

1928,

I have the honour to transmit for the information of the

Secretary of State, a valuation of the security held by us as

cover for the note issue of the Mercantile Bank of India Ltd.,

in Hong Kong, together with a copy of a letter from the bank

stating the face value of the notes in circulation on the

1st January 1929.

It will be observed that the valuation shows an

excess of £57,718. 14. 7. over the amount of security required.

3

The Under Secretary of State,

COLONIAL OFFICE.

I have the honour to be,

Sir,

Your obedient servant,

Wat wichbart

for Crown Agents.

M

FD.