E
The
101
Lords while considering it more prudent
that the right of to should continu
in the treasury or Secretary of State would offer
objection to the Banki
extending it's operations in other Colonces
or in
foreign countries ; and that. except in extraordinary circumstances they would be indisposed to interfere with the discretion of the Bank.
A Bank, however, which possesses
the right of issuing notes stands is
A
much"
different position and presento much greaker diffeulhes.
With the precedent of the Oriental
Bank
20
recently before them, My
Lords feel that they
which
can
be no parkis
to any step may endanger the
stability of a note crculation in a
Crown
L
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