these  transactions  would,  in  ordinary  course,  have
been  carried  ont  throngh  or  with  the  London  establishments. ­
  The  pennission  does  not  extend  to  any
operations  for  the  pnrposes  of  making  available  assets
which  would  ordinarily  be  collected  by,  or  of  discharging
  liabilities  which  would  ordinarily  be  discharged
by,  establishments  of  the  banks  other  than  the  London
establishments.  No  new  transactions  of  any  kind  save
such  as  may  be  necessary  or  desirable  for  the  purpose
  of  the  completion  of  the  first-mentioned  transactions ­
  shall  be  entered  into  by  or  on  behalf  of  the
London  establishments  of  the  banks.
2.  The  tmsiness  to  be  transacted  und  er  this
permission  shall  be  limited  to  such  operations  as  may
be  necessary  for  making  the  realisable  assets  of  the
banks  available  for  meeting  their  »liabilities,  and  for
discharging  these  liabilities  as  far  as  may  be  practicable.

3.  All  transactions  carried  out  under  this  permission ­
  shall  be  Subject  to  the  supervision  and  control
of  a  person  to  he  appointed  for  the  purpose  by  the
Treasury,  who  shall  have  absolute  discretion:
a)  To  refuse  to  permit  any  payment  that  may  appear
to  him  to  be  contrary  to  the  Interests  of  the
nation  ;
b)  To  permit  any  such  new  transactions  as  are  in
bis  opinion  necessary  or  desirable  for  the  purpose
of  the  completion  of  the  transaction  first  mentioned
  in  paragraph  1;
c)  To  permit  or  to  refuse  to  permit  the  completion
of  any  particular  transaction  whatsoever.
4.  Any  assets  of  the  banks  which  may  remain
undistributed  after  their  liabilities  have,  so  far  as
possible  in  the  circumstances,  been  discharged,  shall
be  deposited  with  the  Bank  of  England  to  the  Order
of  the  Treasury.
The  permission  granted  by  me  on  the  10th  day
of  August,  1914,  is  hereby  revoked.
R.  McKENNA.
One  of  His  Majesty’s  Principal  Secretaries  of  State.
Home  Office,  Whitehall,  September  19,  1914.
Annex  III.
Licences  to  Austrian  Banks  of  August  13,  1914.
In  pursuance  of  the  powers  conferred  on  me  by
„The  Aliens  Restriction  (No.  2)  Order  in  Council,  1914,“
made  on  the  10th  day  of  August,  under  „The  Aliens
Restrictions  Act,  1914,“  I  hereby  permit
The  Oesterreichische  Länderbank,
The  Anglo-Austrian  Bank
to  carry  on  banhing  business  in  the  United  Kingdom
Subject  to  the  following  limitations,  conditions,  supervisions,
  and  requirement  as  to  the  deposit  of  money
and  securities.
1.  That  the  permission  shall  extend  only  to  the
completion  of  the  transactions  of  a  banking  character
entered  into  before  the  13th  day  of  August,  1914,
and  that  new  transaction  of  any  kind,  save  such  as
may  be  necessary  or  desirable  for  the  purpose  of  the

completion  of  the  firstmentioned  transactions  shall  be
entered  into  by  or  on  behalf  of  the  British  etablishments
  of  the  banks.
2.  That  the  business  to  be  transacted  under  this
permission  shall  be  limited  to  such  operations  as  may
be  necessary  for  making  the  realisable  assets  of  the
banks  available  for  meeting  their  liabilities,  and  for
discharging  these  liabilities  as  far  as  may  be  practicable.

3.  That  all  transactions  carried  out  under  this
permission  shall  be  Subject  to  the  supervision  and
control  of  a  person  to  be  appointed  for  the  purpose
by  the  Treasury,  who  shall  have  absolute  discretion:
a)  To  refuse  to  permit  any  payment  that  may  appear
to  him  to  be  contrary  to  the  Interest  of  the  nation;
b)  To  permit  any  such  new  transactions  as  are  in
his  opinion  necessary  or  desirable  for  the  purpose
of  the  completion  of  the  transactions  first  mentioned
  in  paragraph  1;
c)  To  permit  or  to  refuse  to  permit  the  completion
of  any  particular  transaction  whatsoever.
4.  That  any  assets  of  the  banks  which  may  remain
undistributed  after  their  liabilities  have,  so  far  as  possible ­
  in  the  circumstances,  been  discharged  shall  be
deposited  with  the  Bank  of  England  to  the  Order  of
the  Treasury.
R.  McKENNA,
One  of  His  Majesty’s  Principal  Secretaries  of  State.
Home  Office,  Whitehall,  August  13,  1914.
Annex  IV.
Amended  Licence  to  Austrian  Banks  of
September  19,  1914.
In  pursuance  of  the  powers  conferred  on  me  by
„The  Aliens  Restriction  (No.  2)  Order  in  Council,  1914“,
made  on  the  10th  day  of  August,  under  „The  Aliens
Restriction  Act,  1914“,  I  hereby  permit:
The  Oesterreichische  Länderbank,
The  Anglo-Austrian-Bank,
to  carry  on  banking  business  in  the  United  Kingdom
Subject  the  following  limitations,  conditions,  supervisions
and  requirement  as  to  the  deposit  of  money  and  securities: ­

1.  The  permission  shall  extend  only  to  the  completion
of  the  transactions  of  a  banking  character  entered  into
before  the  13th  day  of  August,  1914,  so  far  as  those
transactions  would,  in  ordinary  course,  have  been  carried
out  throngh  or  with  the  London  establishments.  The
permission  does  not  extend  to  any  operations  for  the
pnrposes  of  making  available  assets  which  would  ordinarily ­
  be  collected  by,  or  of  discharging  liabilities
which  would  ordinarily  be  discharged  by,  establishments
of  the  banks  other  than  the  London  establishments.  No
new  transactions  of  any  kind  save  such  as  may  T>e
necessary  or  desirable  for  the  purpose  of  the  completions
  of  the  first-mentioned  transactions  shall  be  entered ­
  into  by  or  on  behalf  of  the  London  establishments
of  the  banks.