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main and principal business of banking" (see para. 5
of "Objects and Reasons" printed after Appendix 3 to
the Bill).
The Board are not aware whether any
special circumstances exist which might justify such
concessions, and no argument in their support is
contained in the covering dispatch from the Governor
of Hong Kong. I am accordingly to suggest, for the
consideration of the Lords Commissioners,
that
wless and until adequate reasons are forthcoming
for the grant of such exceptional powers, the relevant
provisions should be deleted from the Bill.
I have the honour to be,
Sir,
Your obedient Servant,
(Sa.) H.P. HAMILTON.
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