34
an
Stock
unchartered and unincorporated Joint Company, and has not obtained for itself, either
in
England
or in
the East Indies where its
proprietary is, any similar power to that
which it seeks in China; and also it's being a Bank of issue, in the opinion of the Council imposes an additional difficulty on the local Government affording what might be deemed
by the Public a Government sanction to this Company.
Under these circumstances, and being
aware that the
Managers of
this Bank in
England have been in
correspondence with
Your Lordship in reference to the Establishment generally,
I have now the honor to forward a copy of the Draft, with a request that I may be advised whether in Your Lordship's judgement it would be proper for the Legislative Council of this Colony to interfere in the matter before some steps have been taken either in England where the Managing Directors reside, or at Bombay, which is the principal abode of the Proprietary Body, to effect the desired object.
I have the honor to be,
With the highest respect,
Your Lordship's
Most Obedient,
Humble Servant,