CO129-261 - Public Offices & Others - 1893 — Page 295

has since received a

copy of

a

the second letter

$

this question addressed

by the Bank to the Treasury

the 28th ultimo, in

which it is contended

that according

to Meir

Charter the limit

then note circulation intended

in silver is to be

Regulated by the

amount

J

the Bank's

Capital Converted into silver at the

current rate of Exchange.

2. Lord Ripon is disposed to think that

this contention is correct, &would be

Coweet,

M. Branstin

glad to know whether their Lordship sceneur

in that views.

293

3. The axis It appears

strengthened

by thin

to be supported by

to following pointy,

is which are not brought.

out in the letter from

Bruk : viz.

then

(1) the words " or other

Equivalent

twice.

which

Does this argument. really strengthen the

case? It would rathe

tend to prove that

In silver denomination

of the notes should b constantly changing? But Scannot imagine

miguinal intruction

nothe

what was

of the phrase

quivalent amount".

Sug.

The of #44

the part of

than

Charter refer is

the denomination of the notes to be issued

in Ceylan Hongkong

or

China, appears to indicate that the notes might represent

a value

of ten shillings

In interation and to allons verlief Phil (ware found sterling/com_

#incan -

me

which that