The first two pages of this quatro were engraved by the American Bank Note company and feature delicate scroll-work with the bank's name interwoven throughout as a security measure. The last two pages list the worldwide corresponding banks where drafts against the letter of credit may be drafted.
200 Pounds Sterling Letter of Credit
October 26, 1898
Using the gold standard based exchange rate of L1.00 = $4.85, it had a value of $970. At 4-cents per each $100, or fraction thereof, it was properly taxed 40-cents.
The letter was good for one year and James A. Thomas used it only once. At the Chartered Bank of Hong Kong, on April 4, 1899, he secured 100 pounds. Presumably upon return to St. Louis he turned it in to the Commerce Bank where it was cancelled with a perforation reading "CANCELED" along the right front edge and bottom.
Chartered Bank of Hong Kong
According to a handwitten note at the bottom of the second page of the list of corresponding banks, "In all cities marked thus (red plus sign) + drafts will also be cashed by Messrs. Thos. Cook & Son."