!
m Do
fur
as the Bank.
Bankerjoyect
that
privilege
ut the date of the passing of the ordinance.
Om all
The Bank therefore cannot sove any notes except $1 notes to the extent of $226,000
upon
the terms authorized by the Governor
of Hong Kong
in 1872 and 1875. If it is
desired to confer on the Bank power to you.
small notes to a greater amount or
to
vary
the terms on which the existing power of
issue waÃO
conferred it will be
necessary
to
pass. in ordinance for the purpose; and that orchinance should in my opinion provide for the appropriation of special funds to meet
the notes, if it be considered that such an
appropriation is desirable. I see nothing
umproper
an
in conferring power to make such
appropriation provided that the provisions
of
386
of the ordinance of 1887 as to the unlunited liability of the shareholders are made
applicable to the proposed new
Codj
your.
4 James Stirling
Royal Courts of Justice
18th Nov. 1884-.