119
ruz! that the section was not
intended to give power to the Bank toestablish itself elsewhere,
which would have been ultra
to make it clear
vires,
but only that the Hong Kong Charter would
not be vitiated by the Establishment of Brandies aserchere. The Weasy
consented to allow the section to stand, provided that the matter was made clear in the Deed of Pettlement. Un piscanther Colonial Regulations having been already complied with in the Kong Charter, the Straits Gost could not probably and improve
upon that Charter, and the And therefore resolves itself with the question whether dis
Hong
1
Assuming that there is no law in the Straits against it (which I believe to be the case the matter resolves
itself into the question whether
in the Opinion ofthe Straits Govt
it is expedient that the Bank should have a branch at Singapore. Whether there was any legal or other
objection is the very question we proposed to put to the Straits Govt. It appears to me that it is
efficient and that it it is answered
no legal fracturent
in the negative, no
will be
letter,
necessary.
One point in ther beamy
I have as
Treasury
get overlooked, viz!
The question of the chopped dollars.
I winchine to agree with the leasing