It does not quite follow that because we take on ourselves to
invest
Ceylon balances in Joint-Stock Banks we
sh be justified in
doing the same for
B. Columbia. But I suppose a copy of this letter
may go to the Treas, with an enquiry if they see any objection?
I suppose
the Treasury intended in their letter of
Nov 9 (10867
Ceylon) to sanction deposit
without any security from the banks. It may be as
well just to say, that this is presumed, in now writing to
the Treasury.