or on
or
" established by or
behalf of the said " Company in any of thex Majesty's " possessiones abroad or in the territories of " the Cast India Company which should " be Contrary to the laws for the time " Ceing in force in those Colonies " lexictories ? _ A clause of similar import is always inserted in the Charke's for Colonial Banks, and they provision itself appears to weegnige recognize the 6 grant of a power of Caveying the business of Banking Her & Majesty's fefsessions, subject only to the local laws thereof.
on
in any of
The Lords of the Committee are aware that although Her Majesty
possess
in virtue of
Charters of
an undoubted right the pecogative to grant Incorporation for Banking Companies to Carry
oro
business
in
any of there
pessessiones it has been the fraction of
this Board from motives of poley, to Consult, in Concert with the Secretaries of State for the Colonies or
India
Indiel, the Governments of any
402 Colonices
or pressessions, which would be affected by the grant of Bank Charters, before the applications for suck, granks - submitted to the Majesty in Council,
are
and that in several instances as for. cxample in the Case of the North. American and Australian Colonies, and Indian tevutorices, Chartere applied for have been extensively modified, or refused altogether, in deference to
of
the Local Authorities.
the views
It is obvious that the re
recogneyed foleon
in
of ther Majesty's Governmen
this respect will be altogether defeated if Charteres arc wanted without
granted Consultation with this Board, to
and
Cinglish Banking Companies, with the power, which the Agra
United Service Banking Company
as dum ce
to possess, of Carrying on
in any part of
their business Majesty's dominions
Her
under the
authority of an Act of Parliament
wheek