CO129-118 - Public Offices - 1866 — Page 224

you ; for the information of the Secretary Cardwell, that Their Lordships will not

Object

to the receipt - of the notes of this company, in payment of Governmen

Off

dues at Hong Kong

on

the

ement.

understanding

that an Ordinance is passed for subjecting this Bank to the usual conditions.

contained in the Regulations for the incorporation of Banks in the colonies, in conformity with the views expressed. in Their Lordships letter of the 19th of

April Cast : Their Lordships sanction

on the understanding

rangement

this arrang

that no

further Céimitation of Liability

will be sought by the Company, and that should they seek to Register

themselves under the " Companies

Retr

Juar 37369

"

of 1862" (Imperial), their notes will gro

-longer be received at the Colonial Trea

221

Treasury

With reference to the proposal of

- the company that a branch direction

X should be established at Shanghal,

My Lords see no

objection to this provided a clause be inserted in the Ordinance,

directing, under penalty, that all notes. issued by the Company shall be dated, and made payable at donghong

issued

and that the monthly statement of assets and liabilities to be furnished

by

the Company to the local government should comprise all liabilities and assets of the Bank either in the colony of Hong Kong or beyond its limits

I am, Sir,

Your

obedient servant,

Enguerpuder.

of

8.8