CO129-186 - Public Offices & Others - 1879 — Page 134

131

to allow the Banks as

hentifies to ime other higher denomination than "I. while the State ipus there for $1. on do they meane

71.

the state tandulathe the whole note circulation

I think they

mean

We heade

the

Rin 8/11

gathers that that

Measury would continge the power

issuing noter

of any

to the Gout. You.

the minutes

p

C

C

On readm

thee hapin

think they

demonination again, I will see formy wd. but the

You

& draft

141/78

that the view of this department

was

that the extension ofther

H.K. & S. Bank should be judged

in its merits

not mixed up with

Bandes

the lug Lot

the withdrawal of the power

fissuing notes, and it

suggested that,

އ

كيلية

полоровод

acceding to the Bank's application,

it should merely be intimated

to their that the it might

become

short messary to withdraw the note issuing power. The Treamery, however, preferred to

postpone the answer to the Bank until the currency

settled, from which

question was

gather that they intend to set the withdrawal of the

the Bank!

the erection.

taning hower against the dat

of a branch at

at Singapore string a bargain which

instead your agines this

Bank will consider a very bad

one for them).

The question does