CO129-120 - Sir MacDonnell - 1867 [1-2] — Page 523

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521

and regulating Stamp duties in the colony". I have accordingly directed publication in the next Gazette of that allowance, but the Ordinance itself cannot come into operation (under Section 32) till the issue of a proclamation by myself, fixing a day for its commencement, which must of course be deferred till receipt of the Stamps and Dies, which Your Lordship informs me the Crown Agents have been directed to procure.

3. I have considered, in connection with this subject, the letter addressed to Your Lordship by Mr. H. G. Gordon, Chairman of the Directors of the Oriental Banking Corporation, suggesting the impossibility of that Bank paying any tax on their notes without incurring a loss, and the consequent necessity of retiring all such notes, a result which Mr. Gordon states would cause inconvenience to the great Mercantile Community.

4. I can well suppose that such statement might lead Your Lordship to apprehend a far greater amount of inconvenience to the Public, than is at all likely to result. In proof of this I now enclose a return from the Bank, giving a list of all the notes in existence here on the 12th January 1866, and during the 13 months which have elapsed to the end of last January.

5. Your Lordship will perceive that there were eleven Banks here at the last commencement of the year, of which six...

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521 and regulating Stamp duties in the colony". I have accordingly directed publication in the next Gazette of that allowance, but the Ordinance itself cannot come into operation (under Section 32) till the issue of a proclamation by myself, fixing a day for its commencement, which must of course be deferred till receipt of the Stamps and Dies, which Your Lordship informs me the Crown Agents have been directed to procure. 3. I have considered, in connection with this subject, the letter addressed to Your Lordship by Mr. H. G. Gordon, Chairman of the Directors of the Oriental Banking Corporation, suggesting the impossibility of that Bank paying any tax on their notes without incurring a loss, and the consequent necessity of retiring all such notes, a result which Mr. Gordon states would cause inconvenience to the great Mercantile Community. 4. I can well suppose that such statement might lead Your Lordship to apprehend a far greater amount of inconvenience to the Public, than is at all likely to result. In proof of this I now enclose a return from the Bank, giving a list of all the notes in existence here on the 12th January 1866, and during the 13 months which have elapsed to the end of last January. 5. Your Lordship will perceive that there were eleven Banks here at the last commencement of the year, of which six...
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521 and າ.. regulating Stamp duties in the bolony". I have accordingly directed publication in the next Gazette of that allowance, but the Ordinance itself cannot come into operation (under Section 32) till the ifue of a proclamation by myself, |ficing a day for its commencement, which must of course be deferred till receipt of the Stamps and Dies, which Your Lordship informs me the brown Agents have been procure. directed to 3. I have considered, in connection with this subject, the letter addrefsed addressed to Your Sardship by Mo# H6. G. Gordon Chairman of the Directors of the Oriental Banking * leorporation, suggesting the impofsibility of that Bank paying any taxe on their Mise: Offices 10559/66 notes without incurring a los, consequent necessity of retiring and the all such notes, a result which Mor Gordon states would cause inconvenience to the great Mercantile Community. 4. a I can well suppose that such statement might lead Your Lordship to а apprehend a far greater amount of inconvenience to the Public, than is at all likely to result. In proof of this I now enclose a return Bank's giving a list of all the in existence here on the 12th January 1866, and during the 13 months which have elapsed to the end of last January. 5. Your Lordship will perceive that there were eleven Bank's here at the last commencement of year, of which sise
2026-05-19 16:43:55 · Baseline
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521

and

າ..

regulating Stamp duties in the bolony". I have accordingly directed publication

in the next Gazette of that allowance, but the Ordinance itself cannot come into operation (under Section 32) till the

ifue of a proclamation by myself,

|ficing

a

day for its commencement, which

must of course be deferred till

receipt of

the Stamps and Dies, which Your Lordship

informs

me the brown

Agents

have been

procure.

directed to

3.

I have considered, in connection with

this subject, the letter addrefsed

addressed to Your

Sardship by Mo# H6. G. Gordon Chairman of the Directors of the Oriental Banking * leorporation, suggesting the impofsibility of

that Bank paying any

taxe on

their

Mise: Offices 10559/66

notes without incurring a los,

consequent necessity of retiring

and the

all such

notes, a result which Mor Gordon states

would cause

inconvenience to the

great Mercantile Community.

4.

a

I can well suppose that such statement might lead Your Lordship to

а

apprehend a far greater amount of

inconvenience to the Public, than is at all

likely to result. In proof of this I now

enclose a return

Bank's

giving

a list of all the in existence here on the 12th January

1866, and

during the 13 months which have elapsed to the end of last

January.

5. Your Lordship will perceive that

there were eleven Bank's here at the

last commencement of

year, of which sise

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