by Royal Charter, without the previous sanction of Her Majesty's Government, and be
Lordships consider that-
adds
as
that
your
by Section 182 of
24 & 25 Vict: c.
89
respect of
Parliament has made a special provision
continuing unlimited Liability
the issue of
notes in the
we
United Kingdom
sterling as
Companies
by Banking Companies, registered limited, it would not be proper to recognise the right of such issue in the Colonies, without much security to the public afforded by the restrictions and regulations giving
as
is
contained in
as
the Royal Charters for--
incorporating Colonial Banks.
"The Hong Kong & Shanghai Banking Corporation Limited" is incorporated by Royal Charter,
and the Directors have adopted the restrictions
will be happy to wait upon your Lordships
and give
all such further information as
your Lordships may require if your Lordships
will please to
...
M
(Signed).
Upton, Johnson, Upton.
contained in the charters
of Colonial Banks, the Board
of
the
other Directors
most respectfully submit that those remarks
are
not applicable to this Bank.
We
are
restricted
in conclusion most
respectfully to beg your Lordships under
the
circumstances of the case
to signify to
the Duke of Newcastle your Lordships' assent to the receipt of the Notes of this Bank at the Colonial Treasury and by
the Collectors of Colonial Revenue at Hong Kong
Deputation of the Board of Directors