difficulties by

auch

As

means of

A v

"Agency"

they already have at

Manilla?

On the whole I think

I should give

the permission

on. But

AVC

want something, and this would

be

a

means

of purchasing it.

Might

not

to

the Bank

Dary

If you establish

Branches at places

your

note circulation in the

manner

which has been proposed.

the West

to the Colonial Bank

Indies?

VT

be prepared to surrender

note issue if

to do

your privilege of u here after called upon

This last condition is

first is impracticable

where

we

can know nothing of

by

hands of

your proceedings, you may,

reckless trading, at euch Branches endanger the stability of the note circulation within the Colony. If

case

20 ?

the

If the Treasury ... their

responsibility,

all

think the Secretary of State must

their place, at

Go

ww

;

any

rate

as

long

as

the other Bank

is unsecured;

therefore

up

tue

give you these Branches, you

leave to let

must surte

your

Note circulation is

but I much prefer to leave the

Treasury in ...

We could not trust

Colonial

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