N. 211 of the
Treas.
the 19th December last, which 171566 direct that the Bank Post Bills should
be included within the prohibition
of the Ordinance.
3.
The Bill came out drafted and with the exception above mentioned and of the addition of a clause for the purpose of identifying to ank Noks ui circulation at the date of the coming
operation of the Ardinance w which was sanctioned by telegram,
follows the draft Bill in détail .
4.
into
The reasons for the amis-
- con of Bank Post bills are thos
i
contained in the letter of Mr. Thomas
Jackson, the Chef Manager of the HongKong and Shanghai Banking Corporation, of the 11th instant, a copy of which is annexed. The meching meeting of some members of the Go - vernment with the Unofficial Mem- bers of Cancil, and the three Manager
theran
referred
with A
of
Trea.
2933/95
533
of the principal Banks. It was stated that there were thirty
at the the
Meeting
forty Native Chinese Banks doing business in the Colony inter se and with Chinese, whose business would be most seriously interfered with if
Bank Post Bills were included in the
grounds I
that such
prohibition and on there advised H. E. the Bille hat be omitted from
might
Ordinance.
کی
Governor
Be
As it was essential that the Ardinance should be passed without delay and become law at once to prevent any attempt at an evasion its provisions by the issue of mors notes, as soon
po it became know
that the bill was
of
before the Legislation Council, His Excellency's signature
ure and
assent to the Ordinance was obtained
before I wrote this report, which precedes auch assent.
unsthally
8) Andrew J. Leach,
Acty. Attorney General.