against their note issu to deposit, Indian
Government 47 Rupee
Notes in place of the
Securities to which their Lordships object.
Lord Knutsford proposes
with their Lordships' concurrence to accept this offer and to
ask the Bank to place proper Securities
the Government notes
in question to the amount equivalent to
$1,225,000
in their
$1,225,000
the agents'
hands
in
the hands of
Messrs.
Matheson & Co.
with the terms under which Trustees for the fulfilment
of State
4 Hongkong
Ladies' Benevolent Fund
purposes. They
the Bank that there will be no objection to
This proposal appears
in their letter.
on the event
of
any such change
being pursued,
Their Lordships will
be committed
to
...