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"especially of trade in the Far East, it may in certain "circumstances be necessary to acquire, if not by purchase, "by other means and certainly to participate in the "business of concerns of every description in order to "safeguard to the fullest extent the Bank's position with "regard to obligations which may be due to the Bank by the "concern in question, and it may be for the general benefit
"of mercantile firms in the Far East in certain cases that
"a Bank should have the powers given in this subsection
"rather than possibly be obliged to enforce immediately "any rights they may have against the concern in question by a sale of its assets or otherwise in accordance with the "terms of any Deed of Charge or Mortgage which may have "been given to the Bank as security for the banking
"facilities, which would entail the closing down of the "concern. It is obvious that the Bank, except for some "such reason as above, would never directly acquire any "business which would not be in the nature of a Banking
"business, and then only for the protection, not only of
the Bank, but also of the shareholders or principals of the "concern so acquired, and it is presumed that the draftsman
"of the Bill, who is now absent from the Colony, inserted
this subsection to provide the Bank with these powers
"especially to provide for the above contingencies. If,
"however, the Secretary of State is still of the opinion
that this clause is too wide, the Corporation would be "prepared to substitute for Clause 3 ss.4 the following
"subsection:-
"To acquire and undertake the whole or any part of the "business, property and liabilities of any person or company, carrying on any business which the Bank is
"authorised to carry on, or possessed of property
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