7
Jean
کالا
165
With regard to the stakment in the 6: paragraph of Lord tnutsford's despatch of the 25th retimo to the effect that the condition
as to hypothecation should be embodied in the amending ordinance, Iam directed by Their Lordships to point out that, however
be, either in order to give
desirable this
may
publicity to the fact of the absolukly security of the notes, or for other reasons, it does not appear to be
of view.
necessary from My
Lords las
a
legal point
(you are aware/ " have been advised that it is ordinarily within the competence of a Bank to set aside securitis proprio motie
in favour of a particular creditor, much as, for instance, the noteholders;
from the Ordinance
maan
from which it follows that the absence of the required provision need not necessarily
that such condition has not been not be fulfilled.
бат
"Jam Sir.
Jour obedient Servant
Molly
will
Froh
BC:
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