127
have been complied with.
With
regard
ard to
Section XVI,
XVI, ze
relating
to advances,
I would point out that
the 10 - clause of the "Regulations and
conditions for the observance of which
Provision should be made in Charter
or
Legislative enactments relating
to the incorporation of Banking companies in the Colonies", will be
embodied in the Deed of Settlement
as provided by Section X (Subsection 5)
and the same observation also applies
to the 12th clause and all other clauses
of the Regulations in question which
will be embodied in the Deed wither
by order of the order of the fovernor
or pursuant
of Section X.
to
one
of the sub. Sections
The Lords of the Treasury
under
are
misapprehension in supposing
are
that the operations of the Bank
at present confined to this Colony;
the Company since its first Establish.
Branch, and
ment has had a
carried
on
business at Shanghai.
(Signed) Julian Pouncefote
Attorney Seural
Hong Kong. 28th January 1867.