CO129-265 - Public Offices & Others - 1894 — Page 103

question had better not be raised until have got it through at the Straits?

5.W.3.7/1

Unless and until an government note issue

is absolutely determined I do not think

the iss

new banks if

would

it would be well to absolutely forbid

issuing of notes by they give ample security. This gives a monopoly to the one or two existing

banks i

7

CP.L

الله

I think there mysti te a discretion from in

ti perbiliting hand for the Gut (It amend a some

what iqqular mention the Seanting of State in a

(olmial Law). But perhaps tie perhibition

might be absolute, if accompanied of an intrin

5

aten that there is no intention threate a

hernopoly, hate tanti

any

poline applications

will have the den dermed, if at alt, by Soecial Ordinance, which mureth tow

Infest of

98

a special bargain. An anumit of

Security which amed a parchically

satisfacting in the case of a flowishing

Bank, waned in wholly inadequate in

the case of a rotten Branch like the General

Bank off hina

8.11.94

Falide Intide the extemine

other Banks of

June

ALA

8

vete

pupand in that

pation of Mr. Painfuld's

Miinute I have marthed.

Rua 12/10

10 1501

M. Bransto Will it not now be necessary

to draft

!