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His Excellency,
The Governor of Hong Kong.
36
As a condition precedent to the enactment of the
proposed Bill intituled -
"An Ordinance to extend for a further period the
powers granted by the Mercantile Bank Note Issue
Ordinance 1911, to the Mercantile Bank of India Limited,
to make, issue, reissue and circulate notes in the Colony"
WE. THE MERCANTILE BANK OF INDIA LIMITED, hereby undertake
that no amalgamation scheme with another banking institution
(whether in the nature of a purchase or sale of the whole
undertaking or a purchase of shares or any joint working or
profit sharing arrangement or otherwise) to which the Bank
may be a party will be carried out during the continuance
of the powers in connection with the issue by the Bank of
notes without the prior approval of the competent department
of His Majesty's Government in Great Britain.
Dated this 11th day of June, 1929.
SEAL
Sd/-
J.M. Ryrie T.S. Catto
Directors.
J. B. Crichton
Secretary.