CO129-379 - Governor Sir Lugard - 1911 [8-9] — Page 31

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the

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were in

on bmitted to and approved by

T.L. The clause gnoted piss the Bank the right of young ruissuing $1 notic

of to the umbes until the Entry N.K.

sad come boss noter & lower rate than

of

$5 - which & cause has not yet happened

The trout us hint

pried at #226,000 ruf to

that extent the Corporation has the right to

wine &ressive #1 notes

2. Copy to Trening exerring to the come in

"

1882 orture that I.h. mill curthat they were under a misapprehension

Lension in then tung

that the privilege has been withdrawn.

Jay

that in

on proviso to "might stand

the

wees

3 (2) of

A

un 4

25

Duplic

t

No 280.

¡reas. 18421.

Treas

17000

82.

Sir,

CO 29553

RECO Bra & SEP IL

29

GOVERNMENT HOUSE,

HONGKONG, 10th. August, 1911.

With reference to the request of the

Lords Commissioners of the Treasury in their letter to the

Colonial Office of the 5th. of last June to be informed now it

is that $1.00 Notes of the Hongkong and Shangavi Banking Corpora-

-tion should still be in circulation to any extent, I have the

nonour to refer you to Section 12 (2) of Ordinance llo. 2 of

1666, which follows exactly the wording of the draft clause

forwarded to this Government in Lord Kimberley's Despach No.

163 of the 27th. July, 1882, and reads:-

ME RIGHT HONOURABLE

"Without prejudice to the conditional privilege

now possessed by the Company of issuing and re- -issuing from the head office a limited number

of notes of smaller amount, subject to thoir

unconditional windrawal from circulation should

the

XC..

LETTIS MARCOURT, M.P.,

&C.

¿C...