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“Criental Bank' auch the Chartered Mercantile Bank - but it will be found reference to the Charters of the three Banks in question, that the only distinction is, that The Charterمجھے
موسم
Charter of the Agra Bank "conferal' no limited Liability to the Shareholders, whereas the Charters of the Oriental Bank and of the "Chartered Mercantile Bank limited the Liability of the Shareholders of the amount those Banks to double Shares
The Charters of all three Banks of. of ivere
their Her Mapsty in virtue of alike granted by Her prerogative, and the "etga Bank" only obrained limited liability by subsequently registering itself under the 21 and 22 Vict: cap 91 which extended the principle of. limited liability to Banking Companies, and it is competent for the other Banks to do The scuse thing whenever they think proper themselves within the proersions of Ao bring the ActIn reference to the petition for - supplemental charter presented by the Bank to the Bound of trade in chugust 1861, it cappears by the "Draft that the ground' of the prehten was letter under not as stated in that doult had an xw Mr. Peel's whether then charter of Incorporation the Bank possessed the power "but that thei Charler conteurned " no express power "to lo -50
which then then' Solicitor sunadeado actersed their to obtain because he found that there was such express power in the Charters of The other Banks. alluded to, but Her Mapshy's attorney and Jobicctor General and Mr Pollock, were clearly of operon as upon the question being subunthal to them that the Ayra Bank had the csson کر یا کسی case, form in questions, the Board of Directors clid nut feel justified delay of obtaining and instructed as of A incursing the expense and Supplemental charter, to withdraw the petition, which we did, both verbally at the Office the Bound of - Trade where the petition had bun presented, and by letter to Mr. Broth dalect the 28th Dew 1861- are The Directors surprised at the ponagraph. in Mr Peel's letter stating that your Lordships objectect to a compliance with the pranger of the petition letter from grounds Mr. Hamarlton to Mr Booth banning date the 13th Aug! 1861 Copy of on theسائیں
sta let
en a
which letter CMகடன் tromsmittal by M. Peel to the Duke of Newcastle and fawarded to us by His Grace That Copy is the first and only intimation which the Bound of Duicton or ourselves, have ever receive that your Ladelups hack any Bank