12.
The Bank of England?
The protection of the fund.
may
in the
think be
we think
life Safely
the hands of the Can't until the opinion and directions of the
of State
State are received.)
Secretary of St
By the provisions of Section
TV of Ordinance Ne 7 of 1873 in the hands
funds
Can
anh le
only
of
the
trustees
be paid to the credit
Ly
I of the Official Pustee in acendande
"with such directions
ao
They
" shall receive for the purpose,
and while the matter is pending the Cant is in
a
position to provide and will take care to provide, that
of a
auch Directions shall be nature to afford complete
158
protection to the funds, in the event of Wis kocellency deciding
to send the matter home, and;
requesting the Comet to make special orders in each-fractinilor
Dave)
as it arises.
We had the bonsfil
and
carfering with Mr. Smith on the memorandum of reference, of his views therem: but the legal doubt on to the power to meet the necessity of the case by departmental regulation and the power of the Cant under Section TV above referred to