472
received from the director of the Bank,
(1) giving
An
account
of
the position
of affairs in Manila, and (2)
Hong Kong of 6" has Beak to t
April 1887
enclosing (with a request that Fwill "_
obtain
your permiss
permission for itő —
introduction in
the Législature) a
Draft Ordinance, declaring that no thing
in the Ordinance.
of
The
Colony
precludes the Bank from establishing
Branches in countries other
those specified.
years
2 .
than
in such Ordinances.
The Bank has for some
had in operation
operation Brancheo
at various places outside China,
as specified
lin
the Draft Ordinance;
and as
recent events have thrown
A
to
Bank & Clonial Jun 22 April B
a doubt on
Their status, the Directors
desire to have the doubt removed,
as it is possible to do so
far
by.
law
the Colony.
of
the despatch of
a
3. In new
Your Lordships predecessor No: 117
do
of the 29th of August 1872, I de
in passing
not feel fustified
Thi
Ordinance without your permission;
but
sincerely
able to see
trust that
you may
be
your way
measure which
to permit
may possibly
dave
from heavy loss the leading Barking
Institution
of
the Colony.
4 . Leuning from the Directora
that tone.
40x2
of importance, I suggested
不
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