are
2 nily that the notes of the Corporation should be made a Legal Tender throughout the Colony, as they stated to have recently been made at Ceylon-
Predecessor
In a former occasion my in a despatch dated 30th December - 1844, 1981, mare a reference of a nearly imilar nature to Her Majesty's I overnment, but Lord Stanley
Stanley in a Despatch dated 15th July 1845, 12/23, disapproved of the arrangement. recommended by Sir John Davis. Luncifally on the ground of thi "Bank at that time established at Hongkong, not being a cochoate Body. Your Lordship will be aware that this objection
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exists and considering that the mensure proposed by Mr Srépector.
7
171
Stuart would hrove of much !?!
convenience to the Public, and that at Ceylon the notes issued by this Bank are made a Legal Tender, I have assented to the "first proposal on the part of the Bank corporation and directed that their notes be taken at the Colonial Treasury until Your the Lordship's Riders one received on subject.
As regards the second proposal I have stated to the Authorities of the Riental Bank Corporation that I do not consider myself authorized to in any way interfere with the Proclamation of the 1ch hay 1845,
~ of issued under the Instuctions from the Colonial Office dated 4th December
1844
Should however it be the case that the notes of the Quintal Bank
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