45
282
Shanghai Bank alone, and permission was
1842,
I h
of lees vale
given to this
to weene
urtes
than one pound
Sterling. Contrary to the provie- of the Coloural Reguletion It was proposed in 1842 to recall these
notes, but on
of
we
the
Ov
representativw
enience that would
mconvenienco
cances thereby, the scectary of
Slate consented
to their not being
recalled, but restricted the cent
to those in circulation.
and
would not permit the privilege' to be extended to any other Be he.
du dune 1876 the Secretary
of state for the Colonice stated
that the
of $1
question of an.
of an resue notes by Government was
under consideration, and in
1879 the opinion of the Governor.
acked as to the issue of Government pl notes
In the following year
the stongshing and Shanghai Bank having reker
Content
of
the
Government to the
establishment of a Branch at Singapore the Secretary of State
permission contingent
upon the unconditional
with traival frour circulation.
الام
by the Bank of its pr notes,
in event.
of
Government deciting
that