CO129-529-2 Currency- note issue 31-1-1931 - 31-1-1931 — Page 61

CROWN

CENTS

FOR

THE

COLONIES

4 MILLBANK,

WESTMINSTER,

8

61

LONDON, S.W.1.

3rd March, 1931.

17.2.31

Copy the Jews (9

15'on

72.400/March

With reference to our letter of the 4th

March 1930, I have the honour to transmit for the

information of the Secretary of State, a valuation

of the security held by us es 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 1931.

It will be observed that the valuation

shows an excess of £58,572. Os. 10a over the

amount of security required.

The Under Secretary of State,

Su.

COLONIAL OFFICE.

I have the honour to be,

Sir,

Your obedient servant,

Wat wichbart

for Crown Agents.

NW