2
Ref.:
CO 537/1369
THE NATIONAL ARCHIVES
2
Ins
restrictions. Further information is given in the enclosed Terms and Conditions of supply of National Archives' leaflet. Please note that this copy is supplied subject to the National Archives' terms and conditions and that your use of it may be subject to copyright
00148
145
or
Issued by and on behalf of the Bank. On that matter,
it is understood that the Bank's own legal advisers have advised that the notes were not so lawfully issued, but it would no doubt be agreed that the
issue could only be settled finally by action
in the courts.
2. The present position with regard to these notes is, therefore, one of public uncertainty as to their future treatment and owing, among other things,
to the fact that counterfeiters have found it
possible to alter the numbers of the notes in question
so as to make them indistinguishable by the ordinary public. from notes of series whose genuineness
is unquestioned, doubt is being cast on the whole
of the Bank's issue, at least of denominations
higher than $10. It is generally agreed that it is
a matter of urgent importance to remove those
doubts.
3.
Having regard to the general effects on the
prestige both of the Bank itself and of the Colony
and on the general public faith in the currency as
the
and
cms
Ref.:
THE NATIONAL ARCHIVES
CO 537/1369
restrictions. Further information is given in the enclosed Terms and Conditions of supply of National Archives' leaflet.
Please note that this copy is supplied subject to the National Archives' terms and conditions and that your use of it may be subject to copyrigh
a whole a compl te repudiation of these notes,
the virtual impracticability of any intermediate course,
Mr. Hall believes that it is on balance desirable
that they should be
recognised them completely and to take
any
necessary steps to remove doubts as to their should be caren
legal tender status He understands that that
view is in principle shared by the Bank. Such
entarl action must, however, necessitate very large
responsibilities for meeting consequent
liabilities created by the issue of these notes
the appropriate starting
without the provision of any/cover for them in
clearly
sterling
ན
otherwise and Mr.Hall does not. faal
/that
The
2
ins