Note 11 — Its Early History
Reading edition
(1) The “Hong-Kong and Shanghai Banking Corporation,” incorporated in 1867. Position on June 30, 1905: Capital all paid up, $10,000,000 (Mex.): sterling reserve, £1,000,000; silver reserve, $8,500,000 (Mex.); reserve liability of proprietors, $10,000,000 (Mex.). (2) The “Chartered Bank of India, Australia, and China,” incorporated in 1853. Position on December 31, 1904: Capital all paid up, £800,000; reserve fund, £875,000; reserve liability of proprietors, £800,000.