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Subsection (13) is similar to Form 141 (5)
Part 1 Palmer 13th Ed. p.514. Subsection (14) is taken
almost verbatim from Form 102 at p.494 of the same volume
of Palmer, the only practical differences being that the
draftsman has inserted "Provincial" owing to there being
several provincial Governments in China, and has also insert-
ed "or any other Banks" owing to the existence of the Banking
Consortium in China.
These two subsections (13) and (14) are regard
ed by the Bank as essential for its protection under the
special financial and business conditions prevailing in the
Far East.
With regard to subsection (18) of Regulation
3, the Bank agree to the deletion of the words from "or for enlarging the power" to the end.
In April last the Chief Manager of the Bank
wrote to the Honourable the Colonial Secretary stating that
as a result of a then recent conference between Sir Henry
Pollock and the Attorney General, Sir Joseph Kemp, the Bank
desired to have certain amendments made to the draft Ordinan-
ce and requested that the Honourable the Colonial Secretary should send to the Secretary of State the cablegram set forth in his letter, the object of such proposed amendments being to prevent the possibility of any doubts or questions being raised after the passing of the new Ordinance as to the continuity of the incorporation of the Bank as the same
entity.
The Bank hope that this cablegram will receive
the early attention of the Secretary of State.
We have, &c.,
(Sd.) Johnson, Stokes and laster.