to the satisfaction of the Colonial
Secretary and the which affears to
Mme
Colonial Tre
asurer;"
todefeat the
merrily Ishould part this
whole intention of the so
excess
defait.
out in submitting the Orday to the
the s. ofs. proposes
Treasury, and sey
to duiet amendment in this particulas.
W Cox
A. F
17/9
S
These paper, han prenmil been miniated the huecar & yourself. I aper with In Fiddian that this cames out the arrangerente pupsend and approved with the important exception that instead of the dollars to the full amount of the
being deposited in the Colonial Treasury, the vew 'I 13 (2) provides that they shale be deposited & Refpt at the Head office of the Combay in Hong Kong, to the Satisfaction of the Colonial
in seas
Jer
the Colonial Treasurer
f
at whe
I should wingine?
J
Mowingfield
the
•
Hiw 7/10
This will cot do
Shiny
supported above.
I think that subsection (2) does not sufficiently protect Gost. It is true that if the gost had the mone paid over in cash they wooned instead greeping it at the Treasury probably deposit it at the Bank or part At at the Hongkong Shanghai Bank opartat He National Bank, but in that case
the money world be
primarily in the custody of the got thack deprinted with the bank. This section makes the bank keep the money as then own money subject to its being not allowed to be moed during the pence of the secen sorte issue. It is onls be difficult to check What they do with it. If suddenly called on for dilver by might use it & ty opt permission returs bectives.
is the actual deport with the gost
o
What is wanted
the comms semain in the possession of the Gost out of the sack of the Belle or its control? Poder
-865-2000-12-07
6464--3000-6-98
250
I think there should be a provision
payback,
empowering the Got to pay back coin When the note issue has been reduced from time to time as require don satisfacty proof of such reduction. Alpresent here seems no way provided frgetter the money
back.
getting
? Refert Treasury noting the
above points?
ABC
you.
This crdinance does not cany
out the mistructions of the Soy State which Though the telegram perhaps too
Contin
was
hi to have been sufficient
oright
intelligible-
(1) The cation to require the Bank h
proposals approved of the blegram-
that for the additional note ipure
and alm the amount
dettarr
が
The paid up capital
www
is orn
in the heal amount should to deposited. in the Colonial Treasury
the Ordinance privades.
that coon and billion equal to the ereed isme stall be deposited and kept at the head office of the bank inthent earmarking it as security,
Rote kilders -
for
(2) the ordinance was to combody the existing
азнения which at present oneref rests on the undertaking g the priceless that apprond securities to the amount o the one third of the authorized arte ifrue (c. cofthe paid of
note capital) by deposited wither at Hry Karyanadia Mes Cl test & lil Treamer or in Londen
with the (Agents & Permanent U Igs for the Colenies
几个
Ruestion to be held as security pro tante for the notabelions
this part of the instruction has her simply
inned -
sending any of the arts & Theasury over prepre to point out the spend the mission and direct the Sort to prove the enactment
an amended ordinance.
ated EN 150
Z