CO129-101 - Sir Robinson - 1864 [10-12] — Page 241

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absolute want

arising out of the inability of the Branch Banks established here to meet

the varied requirements of local trade. This the business between Heonghong

trade

implying

and the open ports in China and Japon is

Mew

of

requires

than

the most extensive character and-

a moe

any

special mode of dealing

Bank Agency

Agency can popibly- In this respect the promoters of Shanghai Bank believe

supply. the Houghing

that

from

and

the experience of its Directors and

the sources of information at their disposal,

arising from the fact of the proprietors being.

connected with ever

every

branch

of trade in this

Country, they will be enabled most materially

to aid the legitimate working of business. The promoters of the Bank have

also in view the change about to take place in the

and perhaps of

currency of this Colony

china and believe that by the personal.

influence of those connected with it they

will be in a position to take a

art in

part

carrying

a very prominent

out this measure.

I have to add that although the

Bank is not

fully

aware

of all the Conditions

granted it

on

which bolonial Charters are

modify

sed to

is believed that two of these conditions are such as it might be advisedly arranged

in the present case. The first is contained in par: 325 of the rules and regulations for

Her t

Majesty's Colonial

Service which insists that the second

moiety of Capital shall be paid up in tivo

years from the date of Charter. Th..