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Under these circumstances My Lords consider that the powers claimed by the Bank under the Charter have no legal right to carry on the business of Banking and issuing promissory Notes in the Colonies; but whatever may be the strict legal construction of the question as to official proceedings, their Lordships must decline recognising any claim made by the Directors of the Colonial Bank under the authority of the Charter.
The object of which was avowed. They must further observe that the opinion obtained by the Directors from the Attorney General and Mr. Pollock, Solicitor, was exparte and stated to be under the virtue of an Act of Parliament intended to apply only to English Banks & not even in England, to Banks of Issue.