208 on stagnation in busine/s. Oct. 0: 
_a_fortnight’s advertisement in the nearest newspa- 
per. 
6. That as soon as’the capital is made up, and 
the deposit placed in government’s hands, the inte- 
rim directors {hall appoint a meeting of the propri- 
etors, to chuse their directors, and settle the plan 
fer carrying on their businefs to the best advantage. 
Lastly, As touching the deposite in government’s. 
hands, fhould such a run be made on any of these 
banks as the cafh in bank is not sufficient to answer, 
it thal) be lawful for them to ‘draw on the exche- 
queér to the amount of one fourth part of their depo- 
sit money ; and if this be not sufficient to answer 
the run made on them at tHe end of six weeks, they 
may draw another fourth part, and so on till the 
whole of the deposit money be drawn out; but in the 
mean time they fhall cease from ifsuing notes till the 
whole of the deposit money be paid into the ex~ 
chequer again, with legal interest for the time it has 
been out ; and if they be not able to do this in twelve 
months; reckoned from the time of their first draught, 
their charter fhall be forfeited, and the company dif- 
solved. 4 
And if at the game time there be a law made for- 
bidding any promifsary notes to pafs in circula- 
tion under §]. sterling in value, the charter banks 
would in 2 great measure remove the tempta- 
tion to private banking, as any person who had, 
stock for that purpose, might be 4 proprietor in 
the charter bank most convenient for him; or 
if his stock was so large he might be a proprie- 
tor severals just as suited his businefs best, and as 
, 
{ 
ee 
