CO129-520-2 Currency- note issue 22-11-1929 - 11-11-1930 — Page 25

A/581

MERCANTILE BANK OF INDIA, LTD.

25

Valuation of securities held as cover for the note issue

of the bank in Hong Kong at lowest market prices on

2nd January 1930.

Security

5% Treasury Bonds 1933/35

Amount

Price

Value

£

d

£180,000

100 181,350.

Notes in circulation on 1st January 1930.

B 1,979,920

Less amount of coin

deposited with the

Colonial Treasurer

on 31st December 1929)

750,000

1,229,920

Plus 5%

61,496

Security required

1,291,416

1s/8d

107,618.

Excess

£73,732.