CO129-205 - Public Offices - 1882 — Page 118

recited, so as to avoid possibility of misunderstanding, but They do not desire to press "Thai suggestion, if Lord Kimberley satisfied that the clause as it stands

to

is sufficient.

They observe a slight difference in clause 13 between the proposal of this Board. and the provision av it stands. Myfords had proposed that in each colony orcountry where the Bank issues notes a reserve

of bullion should be kept equal to 3rd of the

-notes issued and circulating in such colony

or c

- country,

Clause 13 directs that each

establishment which issues notes shall

maintain a reverve

equal to 37 of the

notes issued from such establishment,

Myhords approve the provision as d

stands.

MyLords presume that Lord

Kimberly will.

now communicate the

slausts to the Colony with a new to their

being

در

being embodied

114

in an ordinance of the

Colonial Legislature

I have the honor tobe

Tir

Your obedient Servant -

Coway

in and

RAH

OREIGN