CO129-212 - Governor Sir Bowen - 1883 [10-11] — Page 287

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Shanghai Bank alone, and permission was

1842,

I h

of lees vale

given to this

to weene

urtes

than one pound

Sterling. Contrary to the provie- of the Coloural Reguletion It was proposed in 1842 to recall these

notes, but on

of

we

the

Ov

representativw

enience that would

mconvenienco

cances thereby, the scectary of

Slate consented

to their not being

recalled, but restricted the cent

to those in circulation.

and

would not permit the privilege' to be extended to any other Be he.

du dune 1876 the Secretary

of state for the Colonice stated

that the

of $1

question of an.

of an resue notes by Government was

under consideration, and in

1879 the opinion of the Governor.

acked as to the issue of Government pl notes

In the following year

the stongshing and Shanghai Bank having reker

Content

of

the

Government to the

establishment of a Branch at Singapore the Secretary of State

permission contingent

upon the unconditional

with traival frour circulation.

الام

by the Bank of its pr notes,

in event.

of

Government deciting

that