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(b)
6
Amendment Proposed
(c) the paid up capital and
reserves of that deposit-
taking company;
(D) the laws and practices
applicable to the
transactions of the bank
giving the letter of
comfort;
may require the bank giving the
letter of comfort to submit, at
such intervals as the Commissioner
may determine, such accounts as he
may specify,
and in notifying such acceptance to the
deposit-taking company he shall also notify
it of the limit imposed under paragraph (a)
and any requirement under paragraph (b).
(4) The Financial Secretary may at any
time direct the Commissioner either generally
or in any particular case as to the limits
to be imposed in the exercise of his functions
under paragraph (a) of subsection (3) and it
shall be the duty of the Commissioner to
comply with any such direction.
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