following security against
issue of $7,000,000.
a maximum
pet A Special Cash Reserve under
535
the control of the Colonial Governments, $2,800,000 2nd The paid up capital of the Bank., 10,000,000
3rd Reserve Fund
3,300,000
4. The Reserved Liability of the Proprietor $10,000,000. and lastly the holders with regard to the
unlimited liability on the
part of
the Shareholders
note issue.
I shall send you
A
list
of
the shareholders on the London Register tomorrow. They hold half
of
say 40,000 Shares.
Shares
are
the capital of the Bank, The remaining 40,000
held in the East.
Regarding
the Special
Reserves
of
Dollars kept in the separate Treasuries. they would only be drawn upon
in a time
They would then
of emergency, and would fully
real
purpose for which they
answer the
are intended.
I have the honour to remain
Sir.
Your most obedient servant.
Machan
Manager.
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