of note issue, at into silver at these rates instead of at current rates d instead of
Could not issue as man many they are the fore they notes ai they really worth. to the
In the charter 101 5 rupees etc Now however, they have come to the Conclusion that there is nothing pracluding them from calculating their capital at market rates of exchange and that the mention 9.10% intended to 'fix Currency: чирее 07 5 rupee it was the denominations
I think this contention is a fair one and it is Strengthened by the point, which they do not quoted that the wording or other synivaled amput" indifate that the riches out lig, that the last bring out in week's synd aralin e tail Am not alwaysh their letter "Provided alteros apa that the total amount of the Notes payable on demand in circulation Shall not at any go time exceed the amount of the Capital of the company actually paid lip unless with the sanction of the Comme Sioners of our Treasury" do not follow forcendi preceding appear from this letter, but occan in a different part of the charter from that in which 101 is treated as = 5 lupees etc.
it is a fair contention that, if the clause limiting the note issue does not mention a rate of exchange. the bank have a right to take the real du not the nominal value of their capital.
The start of increas wonder present concealed? the note issue beams circumstances to be reasonable Shall we recommend to the Directors construction If not desirable. Shall the Treasury to adopt the terms of 8 the Charter
[The clienter. 18 in the Library ] 29 C.Pd March Im Branton If gun agree буди of meaning as im above in and day mili par marthed that as pipan in dispared to tathe this new To with if Mystand concer. at mm M 3013 Ru 29/3.
Page 285
1
of note issue, at into silver at these rates
instead of at current rates d
instead of
Could not issue as man
many
they are
the fore they
notes ai
they
really
worth.
to the
In
the charter
101
5 rupees etc
Now however, they have come Conclusion that there is
nothing pracluding them from calculating their capital at market rater of exchange and that the
mention
9.10%
intended to
'fix
Currency:
чирее 07 5 rupeel it was
the denominations
I think this contention is a
two
simply
of
the
fair
one
is Strengthened by the point, which
and it is
they
words
do not
quoted
that the wording or other synivaled amput" indifate that the riches out lig, that the last
bring out
in
week's synd
aralin e tail Am not alwaysh
their letter "Provided alteros apa
that the total amount of the
་་
Notes
payable
Shall not at
of the Promissory
on demand in circulation
any go
time exceed the amount
of the Capital of the company actually paid lip unless with the sanction of the Comme Sioners of our Treasury" do not follow
forcendi preceding appear from this letter, but occan in a
on the
words
as would
285
different part of the charter from that in which
101 is treated as = 5 lupees etc.
it is a
a fair contention that, if
I think there fore
the clause limiting
the note issue does not mention a rate
the bank have a
exchange.
right
to take the
real du not the nominal value
The start of increas
their capital.
wonder present concealed? the note issue beams
circumstances to be reasonable
Shall we recommend to
the Directors construction
If not desirable. Shall the Treasury to adopt
the terms of
8
the Charter
[The clienter. 18 in the Library ]
29
C.Pd
March
Im Branton
If gun agree буди of meaning as im
above
in
and day
mili par marthed that as pipan
in dispared to tathe this new To with if Mystand concer.
at mm M 3013
Ru 29/3.
P
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