ture
any
in circulation.
86
should be confirmed by
an Ordinance of Singapore)
In explanation of these suggested
clauses
of
an amending Ordinance, My Lords need only
remark that they have omitted the power reserved
to the Governor of Hong Kong in the Ordinance
of
1866 to alter the denomination of the notes,
further that
and
of
They
have
suggested the replacing
the provision for the marshalling the assets of the
Company at the end of Section 12 of the Ordinance
of 1866, by the more efficient provision for the same
purpose introduced after much consideration into
the Imperial Banking Act of 1879 (42/43 Vic. c. 76).
In this instance also My Lords think that
the first step should be the amendment of the
original Ordinance establishing the Bank, and if
the Secretary of State should then think it better
that the establishment of the Bank in Singapore
should
9706/30
Jov
6317 Shails
T-80
an Ordinance following generally the original Ordinance of Hong Kong might be passed in the Straits Settlement, but in the meantime My Lords
do not advise that the Draft Ordinance of the
Straits enclosed in the Secretary of
State's letter
27 May 1880 should be passed.
It might be a
preferable course to repeal
altogether the Ordinance of 1866, and pass
one incorporating the new provisions.
o
new,
I have the honour to be,
Your
obedient
Servant;
RtWilly
a new
REIGN
ome
7ar
of
ture
any
in circulation.
86
should be confirmed by
an Ordinance of Singapore)
In explanation of these suggcoted
clauses
of
p
an amending Ordinance, My Lords need only
remark that they have omitted the power reserved
to the Governor of Hong Kong in the Ordinance
of
1866 to alter the denomination of the noted,
further that.
and
of
They
have
suggested the replacing
the provision for the marshalling the assets of the
Company at the end of Section 12 of the Ordinance
f 1866, by the more efficient provision for the sanie
purpose introduced after much consideration into
the Imperial Banking Act of 1879 (42/43 Vic. c. 76).
In this instance also My Lords think that
the first step should be the amendment of the
original Ordinance establishing the Bank, and if
: the Secretary of Shrite should then think it better
thee: the establishment of the Bank in Singapore
should
9706/30
Jov
6317 Shails
T-80
an Ordinance following generally the original D Ordinance of Hong Kong might be passed in the Straits Settlement, but in the meantime My Lords
do not advise that the Druft Ordinance of the
State's letter
Straits enclosed in the Secretary of
27 May 1880 should be passed.
It might be a
preferable course to repeal
altogether the Ordinance of 18106, and pass
one incorporating the new provisions.
o
new,
I have the honour to be,
Your
obedient
Jervant;
RtWilly
a new
REIGN
ome
7ar
of
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