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Enclosure in Shanghai despatch to Foreign Office No.257 of
October 11th 1940.
From the Mercantile Bank of India, Limited, 89
Shanghai, to H. B. M. Consul-General, Shanghai.
Private Dept.
8th October 1940.
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Dear Sir,
I have the honour to inform you that the total value of the Bank's Notes in Circulation on the 30th September, 1940, amounted to $25353 (Dollars Twenty-five thousand three hundred and fifty-three only), as shown in the books of the Bank.
As security against this issue you hold Dollars 12888.99 (Twelve thousand eight hundred and eighty-eight and cents ninety-nine) deposited with the Central Bank of China and further our London Office have deposited with the Bank of England, London for account of the under Secretary of State for Foreign Affairs, in London £25000 (Pounds sterling Twenty-five thousand only) 3% Conversion Loan 1948/53.
The amount of the Bank's note issue outstanding in Hongkong on the 30th Sept. 1940 was Hongkong $4,445,530 (Hongkong Dollars Four million four hundred and forty-five thousand five hundred and thirty only) against securities as required under the Hongkong Ordinance authorising the issue.
The paid up capital of the Bank remains unchanged at £1,050,000.
I am, Dear Sir,
Yours faithfully,
(sa) ?
Manager.
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