440
degislation but I apprehend that such concepion here would interfere with the frights of the Oriental Bank
conceded
ed by Kayal bharter
in
as al
abandy
1852-
which exerneply granted the privilege fof issuing notes here to the Oriental
Bank without
any
reserve as to the
powers of the local Legislature. That
Charter also makes all its
provisions binding
on the Governor of Hongtrong. The batter
سند
therefore could not possibly introduce an Ordinance abolishing such privilege favor of a rival Bank, whilst Ordinance,
even
any such if paped, could not be confinned by the Sovereign who had
granted the privilege
and confinned it
7. Under these circumstances, therefore, I see no chance of the offer being amiluble
as
I
for the continuance of the Maint, undust and distinctly from the Manager
of the Hongkong and Shanghai Bank that the offer is made entirely contingent
acceptance of that condition.
8. I very much
much requt this. As
this as I had
hoped that something feasible might have tumed up from recent discufpions
in favor of the Mint, and it is
anything but satisfactory to have to
P
forego the prospect of that establishment being maintimed for five years longer
without
any
cost
on
at least with but
slight cost to the balony.
by charter.
9.
At the same time there seems a