recited, so as to avoid possibility of misunderstanding, but They do not desire to press "Thai suggestion, if Lord Kimberley satisfied that the clause as it stands
to
is sufficient.
They observe a slight difference in clause 13 between the proposal of this Board. and the provision av it stands. Myfords had proposed that in each colony orcountry where the Bank issues notes a reserve
of bullion should be kept equal to 3rd of the
-notes issued and circulating in such colony
or c
- country,
Clause 13 directs that each
establishment which issues notes shall
maintain a reverve
equal to 37 of the
notes issued from such establishment,
Myhords approve the provision as d
stands.
MyLords presume that Lord
Kimberly will.
now communicate the
slausts to the Colony with a new to their
being
در
being embodied
114
in an ordinance of the
Colonial Legislature
I have the honor tobe
Tir
Your obedient Servant -
Coway
in and
RAH
OREIGN