-
sir :-
17th February
19.
131
we have the honour to call to your attention the
difficulty of the position in which serisin foreign corrors-
tione, who carry on business in this "olony, are plɛced,
owing to the msufficiency of the Powers of Attomey with
which their agents here are supplied. Vnglish law requires
that an agent who is to execute a deed, shall be authorised
under seɛ1, French and Helgien corporations, however,
have no Common Seal, and Powers of Attorney are executed by
the Directors sppærring before a Notary Public and explein-
ing their wishes. He the drews un a document, setting forth
the powers which it is desired to confer upon the Attomey,
and signs this himself. The Directore do not sign it. wuch
a Power of Attomey is a proper one according to 'rench and
Belgion law; but is insufficient according to nglish law
ttomey to execute a deed, The matter is
tomable the
most acute in the cɛss of the Credit oncier
• Belgian Corncration whose brɛnch here is continually ad-
vancing money on mortg, ge pf property and having to reassign
such property when the loan is rapsid. -uch Ter Baigtments