CO129-529-2 Currency- note issue 31-1-1931 - 31-1-1931 — Page 37

9.3533/2.

6 August, 1931.

37

sir,

I am directed by the Lords Commissioners of His

kajesty's Treasury to refer to your letter of the 17th

ultimo, stating that the Chartered Bank of India,

Australia and China have authorised their Manager at

Hongkong to increase his note issue up to $26,000,000,

and have authorized the increase to $3,500,000 of the

Note Issue in North China, making a total of

$29,500,000 allocated at present against the

$30,000,000 authorised,

In reply I am to inform you that on the under-

standing that the conditions as to cover for the note

issue which are laid down in the Bank's Charters have

been duly observed My Lords offer no objection to the

increase.

sir,

I B,

The Manager,

Chartered Bank of India,

Australia and Chine,

38, Bishopsgate, s.C.2.

Your obedient Servant,

EV. NIND HOPKINS