Lord Lamason

It would not be a matter of preservation

I design

the Bill to re-enact the

Ordinance omitting

the Bank Which

Clause

Even if it were

approved.

It would be better harmonised. I wait

for your opinion

If the Ordinance

is required

Next Mail-

In the meantime the

operations to the Foreign

will be

suspended --

If with the reason

to them done

in time for

The Bank which it is proposed to open

in

Singapore. Note also in Hongkong in

the same

704

Bank

tax imposed

The same factor

fixed in this

to Banks compound at the rate of 1 per cent it

16 ho

44

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