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 65

A/581.

MERCANTILE BANK OF INDIA LIMITED.

Valuation of security held as cover for the note issue

of the bank in Hong Kong, at lowest market price on

2nd January 1929.

Security

51% Treasury Bonds 1930

Notes in circulation on

1st January 1929

Amount,

Price.

Value

£180,000

101

£181,800

1,817,610

65

Less amount of coin deposited with the Colonial Treasurer.

660,000

1,157,610

Plus 5%

57,880

Security required

1,215,490

@ 2/01/2

124,081. 5. 5.

Excess

£ 57,718.14. 7