Bank (hmited) under their Charler. of Incorporation [a lopy of which, as well as

Tomit this sentne in

of the pinion the rson in hiscworth transmited, And I am to request that

you willetserie

1o the Duke of Newcastle that that quinion

is at variance with the statement contained in the letter from the Manager of the Bank et. Angthong.

Whether, however, this Bank has the legal power of issuing notes, as asserted, or 26th, the reasons which led My Fords to decline Forecommend the grant of the Supplementat Charter prayed for, would had them to Abrich to the exceipt of the notes of this Bank at the Colonial Teasury and by the [Mictors of Caical Revenue at Hongkong. Sam further to source that the

8

Establishment of several Banks under

5

398

e Banting Companies Acts with limite hability, to which My Lords hair called my

the attention of the Duke of Newcastle in a

separate communication, unders it

4 advisable that orders should be given to the fovernors of troux Cotonces to abotain from authorizing the receipt of the hotes of any Banks except those theorporated by Royal Charter, without the previous sanction of Wer thajesty fromment

Their Fordships consider that as by Section 182 of 25×26 Vic Cap 89 Parliament has made a special sirvvision continuing unlimited liability in respect of the issue of hotes in the Muita Kingdom by Banking Companies registited Companies (Simited), it would not h

g

Ao

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