CO129-164 - Sir Kennedy - 1873 [7-9] — Page 101

99

Treasury to establish Branch

Banks He ab certain specified pinces.

tion

At the time when that Proviso was drafted, the Corporatio did not anticipate that the increase of their business would

a widen field for

ncapitale

their operations, otherwise the Proviso would not have been

so restrictive in its terms.

The Court of Directors hope that under existing circumstances Iris Excellency will be dispard to assent to a modification of the terms of that Proviso, by making it declaratory that nothing in the Ordinance