CO129-380 - Governor Sir Lugard - 1911 [9-10] — Page 275

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5.

Clause 3 (4) is new and is based on

section 8 of the Trinidad Ordinance and is introduced at the

suggestion of the Lords Commissioners.

6.

Clause 3 (5) is a redraft of the origin-

-al clause 3 (7) întroduced at the suggestion of the Lords Commissioners to avoid ambiguity.

7.

Clauses 4 and 5 are redrafts of the corresponding clauses of the original Bill the drafting of which was faulty.

8.

In clause 6 the word "face" has been inserted before the word "value" and in clause 7 the words "make" and "circulate" have been added as well as a new pro- -viso. Clause 8 remains unamended.

9.

I am informed that the Bank is most

anxious to commence their issue of notes on the 1st. January next and I would therefore request that your authority to introduce this Bill into Legislative Council may be conveyed to me by telegraph.

10.

I am forwarding to you under cover of a

separate Despatch a draft of three rules which it is suggested

(in Mr. Bertram Cox's despatch of the 15th. December, 1910,

S to the Secretary to the Treasury) should be issued under

section 6 (2) of Ordinance No. 16 of 1901 exempting certain

classes of Bank notes from the 1 per centum tax.

L

I have the honour to be,

Sir,

Your most obedient,

humble servant,

Ming

Governor,&c..