A
hot, therefore, consider that the B.gf's
being based probably
M
28
§ viis is at all comest
English practics. He consider that
prove as effective in the case of a back in
the Iroposal would not
would not prove
trong trong
ad
the Board expect & duggests that the Board showed be
informed of the position.
The beat Course
of
action woned,
I syged, be 10 Band
a copy of the proposed draft despatches to the various Day's
consulted before sending it to St. Execpt
where
pourously
exception
is taken to the points raised
by the Dep's
we showed
incorporate those points in the foreford defo. probably best dome
by a
A mens cndronce.
Please see my marginal notes to the
above minutes. I agree generally with what is
said above so far as legal points are raised. I
have the following further comments.
Clauses 6 and 7. We should certainly press
for the deletion of Clause 6; and Clause 7 also,
which depends upon it.
New Section 753. I suppose the intention here
is that provisions with regard to licences
The
are only to apply to companies starting a banking
business in the Colony after the commencement of
the new Ordinance. It is not very clear whether
the words in subsection (1) "after this part of this
Ordinance comes into operation" qualify the words
"no banking company incorporated outside the
Colony" as well as the words "formed and registered
in the Colony". It is, I suggest, clear that a