Section XXX. And it is hereby enacted, that the Directors of the said Bank shall make no Loan other than such Loa

XXX. 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 in the full amount of the Loan, and which Public Securities shall be so endorsed or otherwise transferred as to put them at the absolute disposal of the said Bank of Madras, or on deposit of Goods not of a perishable nature, and of an estimated value exceeding the amount of the loan by at lest one-fourth.