Clause
4
Amendment Proposed
the bank is incorporated.
(3)
In accepting any letter of comfort
under subsection (2) the Commissioner -
(a) shall limit the aggregate amount
of any advances, loans, facilities,
guarantees or liabilities which the
deposit-taking company may make,
grant or incur to such aggregate
amount as he may in his discretion
specify, (but subject, however, to
any direction given him by the
Financial Secretary under subsection
(4)) and, without derogation from
the generality of this discretion,
such amount may be determined
(i) in relation to the paid up
capital and reserves of the bank
giving the letter of comfort as
determined by reference to any