CO129-520-2 Currency- note issue 22-11-1929 - 11-11-1930 — Page 24

RECEIVED

-5MAR1930

COL. OFFICE

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES.

THE FOLLOWING REFERENCE AND THE

DATE OF THIS LETTER BEING QUOTED.

A/581

TELEGRAMS:

CROWN, LONDON,

TELEPHONE: 7730 VICTORIA.

CROWN

AGENTS

FOR

COLONIES

4, MILLBANK,

WESTMINSTER,

LONDON, S.W.1.

4th March 1930.

24

15

1 on 62821/29

25.2.30.

28.2.30.

hopy to incas, 19)

Sir,

With reference to our letter of the 20th February 1929

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 copies of letters received

from the bank stating the face value of the notes in

circulation on the 1st January 1930.

It will be observed that the valuation shows an

excess of £73,732 over the amount of security required.

I have the honour to be,

Sir,

Your obedient servant,

Wat wichhard

for Crown Agents.

The Under Secretary of State,

Colonial Office,

S. W. 1.

a ju

NW