Off these Banks, four Chartered Banks, viz.
The Oriental Bank
The Chartered Mercantile Bank of India, London and China
The Chartered Bank of India, Australia and China
and
The Agra and Masterman's Bank (united).
The fifth Bank - the Hongkong and Shanghai Banking Corporation - will shortly be constituted under a special Ordinance in accordance with my letter of the 30th ult. with the minute of this Board.
On inquiry at the Colonial Office, it appears that more than half of the capital of
The Bank of Hindustan, China and Japan is, however, not a Chartered Bank, but is registered under Act 24 & 25 Vic, cap 89; and it appears from the correspondence that passed upon the subject of an application from the Bank in July 1864, to the Governor of Ceylon for an Ordinance to authorize the issue of notes in that Colony, that its Memorandum and Articles of Association do not contain the restrictions which are required by The Colonial Regulations relating to Banking to which the other Chartered Banks are subject.
From the managers' letter of 5th September last, of which a copy is enclosed herewith, it appears that at that date, only 50 percent of its capital had been paid up.
As for the issue of notes, the application to the Lords, in Their letter of November 1864, expressed my advice to the alteration of the Ordinance of that Colony - No 4 of 1861 – for the purpose of facilitating the operations of this Bank.
كم
Off
of these Buntes, four Chartered Bantis, vigt.
The Oriental_
The Chartered Mercantile Bank of India Sondow and Chinia ___ The Chartered Bank of Iridia
Australia and Chima - and
The A
ra and mastermans Bank.
Agra (united).
The fifthe Bank - the Honghong and Shanghae (8!? (Commited) will shortly be constituted under a special Ordinance in recordance
7. of my eller otthe 30th with urth the munte of this Board Dr
Inelant
on inquiry at th 19 If mil
thet mener than Whi of rab of the
The Bank of Hindustan 392%. and China is however, not a Chartered Bant, bn t is registered under the act 25426 brc, cap 89: rud ch appears frou the correspondence that passed upow the subject of awapplication from
t
the
an
210
the Bank in July 1864, to the Sovernor of Ceylon for
Ordinance to authorize the issu
in that Colomy, that it's
of
of notes Memorandum and articles Associations do not contain the rest netions which are requiied by
The Colonial Regulations relating to Bawhing to which the
other Chartered Banks are
d from the managers
enlycet,
letter of 5th September last of which a copy is enclosed herewith, it appears that at that date, only 50 percent of its capital had been paid up.
Ao
for the iss.
ида
do
nds the application
of notes in Ceylon. Lords, in Their letter of November 1864, expressed
my
of
imow advuse to the alteration of the Ardmance of that Colony - no 4 of 1861 – for the purpose of facilitating the operations of this
this.
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