FO371-24687 — Page 49

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Enclosure in Shanghai despatch to Foreign Office No.93 of

April 18th 1940.

3

Private

From the Mercantile Bank of India, Limited, Shanghai, to H. B. M. Consul-General, Shanghai.

12th April, 1940.

Dear Sir,

I have the honour to inform you that the total

value of the Bank's Notes in Circulation on the

31st March 1940, amounted to $25966.- (Dollars twenty-

five thousand nine hundred and sixty-six only), as

shown in the books of the Bank.

As security against this issue you hold

Dollars 12768.66 (Twelve thousand seven hundred and

sixty-eight and cents sixty-six) 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 £25,000 (Pounds Sterling Twenty-five thousand only) 3 Conversion Loan 1948/53.

The amount of the Bank's note issue outstanding

in Hongkong on the 31st March 1940 was Hongkong $4816,280 (Hongkong Dollars Four million Eight hundred and sixteen thousand Two hundred and eighty 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) R.V. THOMAS

Manager

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