CO129-126 - Sir MacDonnell - 1867 [11-12] — Page 104

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the Shareholders for the balance of the original Capital of tive Millions of

Mars, which under the Ordinance incorporating the Brink they are bound to make good before the expiration of two

years from the rate of that Ordinance (14 % August, 1868. )_

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2.

I quite see the force of Mr Treper's reasoning as to the inexpediency of calling on the Bank to increase their expital at a time when the general commercial depression in China is such that they find it difficult to employ enfely the Capitel already enbcribed, and which affarently is even more than

enfficient for the requirements of the Bank at fresent-

3.

I also understand from Mir Krefer that at this moment the Bank has in its vaults here, at Shanghai and defen, nearly four Millions of Dollars. Nevertheles as 3 look on the Ridinanen above referred ? is an arrangement deliberately, concluded by the Stank with this Government I do not think it ought to be disturbed without the express ennction of her Majerty : Government, though I confess that in the present care I do not impelf ice any valid objection...

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