CO129-164 - Sir Kennedy - 1873 [7-9] — Page 120

:

The Provise in Section 4

which is worded similarh

Corresponding

charter

113

to the

Proviso in the above

was not intended to

confer

the lower of establishing Branch Banks and Agencies

in

any

place out of the Colony as such

a

Provision would have been m

"ultra vires" but it was inserted

at the request of the Company

in order that it should be made

quite clear that their stongplong Charter which only empowers them

business "in the Colony "

to carry

Mn.

should not be vitiated by the

establishment

of

Branches

or

Agencies

elsewhere..

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