.InudeA
Enclosure 2.
SHOP NOTES:
Extracts from Regulations of Port Edward (Native)
Chamber of Commerce.
(N.B. T = 'tiao' 1000 cash: 1 dollar = 1300 cash)
545
4.
No shop can issue notes of any kind unless its capital
amounts to T3000.
15. F
5.
No shop authorised to issue may issue notes in excess
of 30% of its capital.
000,013
اة
C
260,071,
TA
184 002
708,85.
000,ua non ask.
SO, M
*** 23
art,abış
189,0015
.ETS
PAT, BLIS
KIDA ÄR
*
2.8,10**
one.Te
(8)nge, fra
(Dose,de
(B)
04. IS 217,0816
913,073
2.STIO
$91,1174
Oce, 1919
Drujos gan „acantor, beal75/
hubhg ai ng „Puando te deon 800 Sy (0)
་
byn fata ai „rat Jeong at give „baombi ad dipin siNT (8)
bemax? erew Bojsmijek ez lis
6. No shop can issue dollar notes unless its capital is
T10,000 and then only to value of 1/3 rd. of its
authorised note issue.
7. Every note issuing shop must either hypothecate property (see after, Nos. 10 & 11) or secure a satisfactory shop guarantee to be approved by the chamber of commerce. The guarantor must accept full responsibility and his guarantee will only be accepted to cover a note issue not exceeding 1/3 rd. of his capital.
8.
9.
In case of bankruptcy of note issuing firm, guarantors will be held responsible for collection and payment
of notes in full. They will then share with other
unsecured creditors in bankruptcy estate.
No guarantor can be decurity for more than one note
issuing firm.
10 & 11. Where there is no shop security, only house pro- perty in Port Edward (duly insured against fire) or erland within 1 mile of Port Edward will be accepted as security. The Goverment titles to such house property or land must be deposited with the chamber. Notes may then be issued to value of market price
of securities deposited.
12. In all cases where notes are issued, a cash deposit
must be made with the Chamber of 1/10th. value of
No comments yet.
Private notes are available after approval.