582
securities equal to one third of the maximum amount of
Notes issued by the said Company which might for the time being have been allocated to the Straits Settlements and Hong Kong respectively and after further reciting that Her said late Majesty deemed it expedient to revoke the said Clause and to make other provisions in lieu thereof Her said late Majesty did thereby will and ordain that from and after the date of that Her Supplemental Charter Clause XI of the said Supplemental Charter dated the 17th day of December 1894 should be and was thereby revoked and the therein following clause should from and after the date of that Her Supplemental Charter be substituted for the Clause so revoked And after further reciting that in lieu of the proviso in the original Charter whereby the said Company was bound to keep reserves of Specie equal to one third of the notes in circulation at any time which proviso Her said late Majesty did thereby revoke and determine Her said late Majesty deemed it expedient to make other provision for securing the due redemption of the Promissory Notes issued by the said Company Her said late Majesty did therefore by Her said Supplemental Charter dated the 29th day of October 1897 further will and ordain that the said Company should within 3 months from the date of that Her Supplemental Charter deposit and thenceforth at all times should keep deposited as therein mentioned coin of denominations to be approved by the Treasury or securities to be so approved or partly such coin and partly such securities equal to one third of the maximum amount of Notes eight million dollars issuable by the said Company such coin or securities or such coin and securities to be held as special funds exclusively available for the redemption of the Promissory Notes issued by the said
Company