the government in the Colony of Hong Kong
have to observe that the
explanations afforded tend to confirm the impression at first entertained by my Lord, so far as the conduct of the directors is concerned, regarding the proceedings taken in reference to the Royal Charter of the corporation. And although the objective which may now be entertained as to the recognition of its Birth as a Colonial Bank seems substantially unchanged, They are disposed to think that consideration is due to an institution
of
384
undoubted stability which has come
into a position of difficulty in Hong Kong
through
a course
of proceedings... originating in a misunderstanding
It is right too to observe that the objection entertained by the Board to the grant of a
supplemental Charter authorizing the Agra and Masterman's Bank to carry on the business of Banking
in the Colony was based more on the consideration of the pledges given by Her Majesty's government with regard to granting Charters to Banking Companies for the Australian and other Colonies
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