all countries. The Bank asks to be
released from this latter
and that is
may only
be
a reserve
of
them to keep a
onerovo
obligation
necessary for
com and bullion.
proportioned to the circulation at the place
of
resue
The Bank
is Established in
different
colonies and Countries far distant from
Each other and it seems to my Lords that the relaxation sought for naturally resolves a number of separat banks
the Bank into
camping
on
business
en.
defferent countries
that the establishment in each of these
countries becomes in
respect of circulation
95
ጎ
Japan establishments to be reissued
and
of the Saw states that to
Singapore
be the
care-
whereas of
no
further question
can arise
reissue in
other countries be
permetted questions and complications may
arise which are not
are better avoided.
f
the
precedents
now
foreseen.
were in
and which
favor of the
courses advised by Lord Kimberley, My Lords
would not desire to insist upon then view
but they cannot say
that that is
the
case
The provisions of the Royal Charters under which
many
Colonial Banks carry
on
doubtful on the point but
my
to the
view
a-
separate institution having
ets
own issue
circumstances
business are
and reserve. If so there would appear to
be
no need to permit the notes of the
Japan
Lords incline:
that recsue under similar or
was
not intended. They may
add that the Act of George II regulating
OREIGN