of note issue, at into silver at these rates instead of at current rates d instead of
Could not issue as man many they are the fore they notes ai they really worth. to the
In the charter 101 5 rupees etc Now however, they have come to the Conclusion that there is nothing pracluding them from calculating their capital at market rates of exchange and that the mention 9.10% intended to 'fix Currency: чирее 07 5 rupee it was the denominations
I think this contention is a fair one and it is Strengthened by the point, which they do not quoted that the wording or other synivaled amput" indifate that the riches out lig, that the last bring out in week's synd aralin e tail Am not alwaysh their letter "Provided alteros apa that the total amount of the Notes payable on demand in circulation Shall not at any go time exceed the amount of the Capital of the company actually paid lip unless with the sanction of the Comme Sioners of our Treasury" do not follow forcendi preceding appear from this letter, but occan in a different part of the charter from that in which 101 is treated as = 5 lupees etc.
it is a fair contention that, if the clause limiting the note issue does not mention a rate of exchange. the bank have a right to take the real du not the nominal value of their capital.
The start of increas wonder present concealed? the note issue beams circumstances to be reasonable Shall we recommend to the Directors construction If not desirable. Shall the Treasury to adopt the terms of 8 the Charter
[The clienter. 18 in the Library ] 29 C.Pd March Im Branton If gun agree буди of meaning as im above in and day mili par marthed that as pipan in dispared to tathe this new To with if Mystand concer. at mm M 3013 Ru 29/3.
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