tesuc
of notes in Ireland distinctly forbids
reissue except at place of i
issue and that
the House of Commons
Some
fifteen years
since refused a proposal to repeal that Act .
My Lords do not
urge these considerations
as conclusive and they do not desire to refuse
proper facilities for the conduct of banking
Correct
business. But the prope
course
appears to
them that their proposal should be put
forward. It will then be
It will then be open to the
Bank to shew that such proposal is [1]
opposed to precedent or (2) needlessly,
oppressively restrictive.
As yet
no
agument to that effect
ого
My Lords
has been adduced. As far
are
aware the Bank has made no representation
-nor has the Secretary of State stated reasons
?
D
for his
view
96
although my
Lords would
probandi hes with !
submit that the cruw
the person who propoves relaxation rather than with him who favours maintenance
of currency
restrictions
C. & regards the amending ordinance
My Lords do not wish to
urge
that it
should take the form of a consolidation
the specifie
ordinance nor do they urge
provisions which they submitted to the Secretary
of State
some time
ago
f
the Secretary of
State prefers a simple amending ordinance
the obligation to keep
a
reserve
repealing in Hong Kong against the whole circulation
of the Bank and
that notes
providing
DREIGN
shall not be reissued except
in
the Country
or
colony where they
evere
issued such
for
aw
No comments yet.
Private notes are available after approval.