CO129-167 - Sir Kennedy - 1874 [1-8] — Page 162

12.

The Bank of England?

The protection of the fund.

may

in the

think be

we think

life Safely

the hands of the Can't until the opinion and directions of the

of State

State are received.)

Secretary of St

By the provisions of Section

TV of Ordinance Ne 7 of 1873 in the hands

funds

Can

anh le

only

of

the

trustees

be paid to the credit

Ly

I of the Official Pustee in acendande

"with such directions

ao

They

" shall receive for the purpose,

and while the matter is pending the Cant is in

a

position to provide and will take care to provide, that

of a

auch Directions shall be nature to afford complete

158

protection to the funds, in the event of Wis kocellency deciding

to send the matter home, and;

requesting the Comet to make special orders in each-fractinilor

Dave)

as it arises.

We had the bonsfil

and

carfering with Mr. Smith on the memorandum of reference, of his views therem: but the legal doubt on to the power to meet the necessity of the case by departmental regulation and the power of the Cant under Section TV above referred to