CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 441

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5

condition if insisted

if insisted on would have led obviously to much complication and uncertainty.

4. The Conditions however to which

the Bank attached real importance are I

those numbered 177.

that

during five years

Nob

stipulates

the Hongkong

and Shanghai Bank should alone

enjoy the privilege of ipuing Notes pupable Honghong and Ney that during the same period it should be made the Bank of deposit for all funds of the bolonial Govemment hure and also of Her Majesty's Commificat at Hongkong, Shanghai and Japan on the same terms as the Banking operations of the leammipariat have been conducted

Ion demand to the Bearer in

at those places for the last five years.

5. The position and Gredit of the to Hang Rang

and

Shanghai Bank in

bhina is such that, if the maintenance

of the Mint

were

regarded

as an

object of very great importance by Her Majesty's Government,

awww

not aware

of any insuperable objection, or indeed of any special objection to the concession of the latter request.

le. I cannot, however, say

а

the

same

of

stipulation for a monopoly in the

isure of Bank Nates payable to Bearan

here.

ل

do not mean that the

grant

of such monopolies whether whole or partial is inconsistent with the British bonstitution

ал

unknown to british