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4. This would result in a contravention of Section 5 of the Currency Ordinance, 1935, which limits the amount of certificates of indebtedness which the Treasurer may issue to a Bank and Clause 3 also makes provision for the waiving of this restriction in respect of certificates of indebtedness issued under this measure.

5. No provision appears for the meeting of liabilities similarly incurred by other note issuing banks as the negotiations between Government and such Banks have not been concluded.

6. The Bill follows with immaterial amendments a draft approved by the Secretary of State,

GEORGE E. STRICKLAND,

Acting Attorney General.

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CO 537/1369

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