CO129-240 - Public Offices & Others - 1888 — Page 119

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129

1. The Bank will be enabled, without

the consent of the Treasury, to increase its capital by special resolution,

defined in the Draft, up to the

as

under

amount to which it

may the original Charter increase its Capital with Treasury permission: that is to say, up to £1,500,000. A similar limitation has, (at the original instance of the Lord Chancellor), been inserted in other Supplemental Charters, granted to Chartered Banks since the draft of the "Model Charter" was communicated to the Directors of the Chartered Mercantile Bank of India, London and China in 1882. 2. The consent of the Treasury will longer be required to the establishment of Branch banks in India or in the Colonies of Australia and New Zealand; but

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