The memorialists did not then ask that a similar privilege should be extended to all Banks, & they have no business to complain now that we have adhered to the terms of the memorial.
In the reply (attached to 13547/74) which Lord Carnarvon sent to the despatch forwarding the memorial, he distinctly stipulated that the permission then given was not to be considered a precedent for extending similar facilities to other Banking companies.
Of course it is only an argumentum ad hominem, but it might serve to stop these people's persistent demands.
The inclosure to 5773, to this letter should be sent to Sir A. Kennedy, that he may know all that has passed.
Concurred regarding the Bank as above.
am 2/10
16/10/76.
This will be useful to add to the file.
Ru
In the reply to this Letter the following Number should be quoted.
970776
Sit
Copies 6
14044
76
TREASURY CHAMBERS,
5th October 123
1876
I am directed by the Lords Commissioners of Her Majesty's Treasury to transmit to you herewith copy of a letter which My Lords have received from Messrs Clarkes, Rawlins, & Clarke, 66 Gresham House, Old Broad Street, dated the 9th June last, relative to the issue of one dollar notes by the Chartered Mercantile Bank of India, London, & China, and of the reply which My Lords have caused to be addressed to them on the subject,
The Under Secretary of State Colonial Office