The procedure of cashing the Treasury warrant lor £10,000,000 riven to Sir Cecil Spring Rico, the British Ambassador to America, took place before the close of banking hours the samo afternoon. A representative of Messrs. J. P. Morgan and Co. presented at the New York branch. oT the Federal Reserve Bank a cheque for JM0.000,000, payable to the order of ,T. J\ Morgan and Co., and signed "The United Kingdom of Great Britain and Ireland, by Sam. H. Lever, I'inancial Secretary." England's American bank paid Messrs. Morgan's-repre-sentative twenty cheques of .£2,000,000 each, which vc'ro deposited in twenty different banks and trust companies, where they were available next morning for the British Government's immediate use. This is tho largest transaction by a singlo cheque, in American
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Dominion, Volume 10, Issue 3159, 10 August 1917, Page 5
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125Page 5 Advertisements Column 3 Dominion, Volume 10, Issue 3159, 10 August 1917, Page 5
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