107
as required by the Lords of the Treasury in their Letter of 16th November 1866 enclosed in C.O.D. Se 87 of 24 November 1866; aud his Lordship referred especially to the Establishment of Agencies in India, to the restriction on Adomas to Diretors and to the
payment of Dividends, in
accadance with the 10th and 12t Clauses (~P? 323 and 325) of the (Colonial Regulations as to the Incorporation of Banting Companies
I will now
proceed to show how far their Instinctions were
complied with in the deed of Settlement