the previous sanction of H.M. Government,
states that your Lordships consider
by Sect. 152 of 25-4-26 and cap 54, Parliament has made a special provision, continuing unlimited liability with respect to the issue of Notes in the Banking Companies,
it would not-
of such legislative
as
is afforded in
the United Kingdom by
very restricted
proper to
Companies limited the
right recognised
in the Colonies, without securing as much security to the public
as is
contained in
the Royal Charters for incorporating several
Banks
4.1.
the Agra & Master Bank Limited is incorporated by Royal Charter, & the Directors
have adopted the restrictions contained in the Charter of other Colonial Banks, the Board of Directors most respectfully submit that those Remarks
are not applicable to this Bank.
on conclusion most respectfully beg your Lordships under the circumstances to signify to the Duke of Aberdeen the approval of your Lordships to the receipt of
the Notes of this Bank at the Colonial Treasury and by the Collectors of Colonial Revenue at Hong Kong, and a copy of the Board of
Directors will be
happy
to wait upon your Lordships and give your Lordships all such
further information
as your Lordships may require if your Lordships will please to peruse the report
Uptons, Johnson & Upton.
Copy
1138.
Gentlemen
Treasury Chambers
19th January 1863
I am directed by the Lords Commissioners of Her Majesty's Treasury
to acquaint you that My Lords have received a letter, dated the 6th Instant, from Messrs Uptons Johnson & Upton, the Solicitors of the Agra
and United Service Bank, relative to the receipt of the Notes of the Bank at the Colonial Treasury and by the Collectors of Colonial Revenue at Hong Kong, though containing satisfactory explanations regarding your proceedings, leaves the fact of the Caisse by which My Lords have been governed untouched.
In the reference made in the letter of this department of the 15th ultimo to Banks incorporated by Royal Charter,
there was a slight inaccuracy.
The Directors of the Agra & United Service Bank.
My Lords