ALBERT C. RITCHIE, GOVERNOR. 1101

Regulations, " be, and the same is hereby repealed and re-
enacted, with amendments, so as to read as follows:

67. The total liabilities of any person, co-partnership
or corporation, to any bank or trust company for money
borrowed shall at no time exceed 10 per cent of the amount
of the surplus and paid-in capital of such bank or trust
company; provided, that by a two-thirds vote of the direc-
tors said liabilities may be increased to a total sum not
exceeding thirty per cent. (30%) of said surplus and paid-
in capital where the amount of such loan in excess of ten
per cent. (10%) of said surplus and paid-in capital is se-
cured by interest-bearing obligations of the United States,
this State, or any county or municipal corporation of this
State. The discount of bills of exchange drawn in good
faith against actual existing values, of trade acceptances or
other commercial paper and business paper actually owned
by the person, co-partnership or corporation negotiating
the same, shall not be considered as money borrowed with-
in the meaning of this section, but the total of such dis-
counts for any one person, co-partnership or corporation
shall at no time exceed twenty-five per cent. (25%) of said
surplus and paid-in capital. Obligations drawn in good
faith against actual existing values and secured by goods
or commodities in process of shipment or in bonded ware-
houses shall not be considered as money borrowed within
the meaning of this section, but the total of such obligations
for any one person, co-partnership or corporation shall not
exceed twenty-five per cent. (25%) of said surplus and
paid-in capital. No combination of all liabilities of any
kind of any single person, co-partnership or corporation,
including all obligations of the classes hereinbefore referred
to, shall exceed thirty per cent. (30%) of said capital and
surplus.

The total liabilities of any partnership or unincorporated
association shall include all liabilities of its individual mem-
bers. In computing the total liabilities of any individual
to a bank or trust company, there shall be included all lia-
bilities of any partnership or unincorporated association
of which he is a member, and any loans made for his bene-
fit or for the benefit of such partnership or association. In
computing the total liabilities of any partnership or unin-
corporated association to a bank or trust company, there
shall be included all liabilities of its individual members,
and all loans made for the benefit of such partnership or
unincorporated association or any member thereof. In
computing the total liabilities of any corporation to a bank