Section XXIX. And it is hereby enacted, that the Directors of the said Bank of Madras shall not discount any Negot

XXIX. And it is hereby enacted, that the Directors of the said Bank of Madras shall not discount any Negotiable Securities which shall have a longer period to run than three months, or lend any money for a longer period than three months, and that they shall make no loan or advance on any Bank Share or Certificate of Shares, nor on Mortgage, or in any other manner on the Security of any Lands. Houses or immoveable Property, nor on any Negotiable Security of any Individual or Partnership Firm, which shall not carry on it the several responsibilities of at least two persons or Firms unconnected with each other in general Partnership, nor be in advance at one and the same time, to any individual or Partnership Firm, either by way of discount, loan, or in any other manner (saving by loans upon the deposit of Government Securities, or Goods not perishable as hereinafter mentioned) beyond the amount of Three Lakhs of Company's Rupees—Provided always that the advances upon Bills of Exchange accepted by he Government or upon other Government Obligations, shall not be considered as an advance within the meaning of this restriction.