Section XXVIII. And it is hereby enacted, that the Directors of the said Bank shall make no loan other than such loa

XXVIII. And it is hereby enacted, that the Directors of the said Bank shall make no loan other than such loans as are described in the clause next preceding, except on deposit of Public Securities to the full amount of the loan, and which Public Securities shall be so endorsed or transferred as to put them at the absolute disposal of the said Bank of Bombay' or on deposit of Goods not of a perishable nature, and of estimated value exceeding the amount of the loan by at least one-fourth.