CO129-529-2 Currency- note issue 31-1-1931 - 31-1-1931 — Page 62

A/581.

MERCANTILE BANK OF INDIA LTD.

Valuation of securities held as cover for the note issue of the bank in Hong Kong at lowest market price on 2nd January 1931.

Security

Amount

Price

Value. E

S d.

5% Treasury Bonds 1933/35 £180,000

102

184,950

о

0

Notes in circulation on

1st January 1931

$3,572,030

Less amount of coin

deposited with the

Colonial Treasurer on

31st December 1930.

$1,350,000

$2,222,030

Plus 5%

111,101.5

Security required

$2,333,131.5

at 1s/1d.

=

126,377 19

2

Excess

£ 58,572. 0 10

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