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J
129
2.
through with open door; it entailed to love
or mconvenience
******
Acitor
presentation
the Bank;
all obligations and brabitities were met vir the usual
mannly on
maturity, and this without tonething, by may of call or otherwise, on the receive liability the Shareh Adere which ammited to
7
£750.000-
But
Effect of the reconstruction, (which was carried out under the Companise Acts 1862 to 1890),
was that all Follo, presented for încashment, had to be inthe -drawn from cirentation and concalled,
and that, until fresh forews was obtained, the privilege of notes curentation, poromand by the old Bank, lapsed
Bank
7
a
The Note Cireutation of the Colonies ressored to, is at present practically confined to the moves of the Honghong Shangha Banking Corporation, and the bhartered
7
India Austalia and Chma, tach which institutions has power to insure Holes to the extent of it's paid up Capital. It is, I believe homes, known to you, and it is nequeationally
fact, that these facilities have, for some time past, beam quite inadequate to the needs of Colonies, and that great inconvenioner to the public is constantly arising from the inability of wine both beyond the bonit laid down.
The Mercantile Bank of India fimilit has a paid up capital of £$67.500, and the Reserve Liability, of the Shareholders, is
thene
the above have Banks to
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