S-a-1313 — Payment of 2½% Reward
This file documents payments and credits arising from recovered Niagara bullion and the 2½ per cent reward arrangements. It contains summaries of box and bar recoveries, estimated fine-ounce calculations used for preliminary settlements, and records of remuneration to the United Salvage Syndicate. Correspondence records transfers and cable instructions between Australian branches and the Bank of England, including account credits, debits, and notifications of funds received. Cable extracts report progressive recoveries and movement of funds, while memoranda explain provisional settlements based on estimated weights and subsequent adjustments when exact weights were determined. Together, the records document the banking, accounting, reconciliation, and fund-transfer processes supporting the salvage operation.