87
of
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the Governor of Hong Kong in according permission to the Hong Kong and Shanghai Bank to issue one dollar, without previous reference to the Treasury of State.
There is of course no doubt that according that privilege alone, and My Lords cannot too strongly
Carden
a fan
as get
; not favoured this Board with his view of the proposals made by My Lords with a view to put an end to the difficulty, and They are therefore unable to anticipate which his lordship will issue.
It is thought his duty to pursue.
X O DEAAAN for the Governor to one Bank strongly not as it appears to them sufficient Exercise by the unwise discretions, assumed, to them, without authority, and they fear that it will lead the Secretary of State into difficulties which it would have been easy to avoid, but from which it is difficult to escape.
The Secretary of State has not.
for Them to repeat Their opinion which has been already clearly and decidedly given, and They need only Enclose a copy of the reply which they have addressed to the petitioning Bank.
I am,
Sir,
Your obedient servant,
William Law