Chapter 86 and is intended to permit advances to trading Firms and receipt of interest on the same varying according to the rate of profits without necessarily making the parties advancing such sums liable to
any greater extent for the losses of such trading Firms than the amount of those advances.
I conceive that the principle of this Legislation is equitable and calculated to promote the useful diffusion of Capital and I see no reason why Her Majesty's Subjects, trading here
dealing with Firms trading in England should not be
placed on the
same
footing
as when
3.. I therefore trust that your Grace may see reason
to
recommend this Amendment to
Her Majesty's gracious approval.
I have the honor to be,
My Lord Duke,
Your Grace's most obedient humble Servant,
John Bowring
Governor.