THE HONGKONG GOVERNMENT GAZETTE, 27TH APRIL, 1895.
483
5. And whereas the period of years specified in the original Charter expired on the 29th day of December 1874 and by a Supplemental Charter under Our great seal, dated the 10th day of November 1874 We authorized the said Company to continue incorporated under the original Charter as amended by the said Supplemental Charter for a further period of 10 years.
6. And whereas by the said last mentioned Supplemental Charter it was declared that it should be lawful for the said Company to carry on its business without the control or interference of the Treasury the Secretary of State in Council of India and the Secretary of State for the Colonies save as in the said Supplemental Charter provided and it was by the said Supplemental Charter provided that the control of the Treasury over an increase of capital not exceeding the amount of Two million pounds and over the establishment of banks or branch banks in any of Our Colonies or dependencies in Australia or New Zealand and the power of Her Majesty to revoke the original Charter on the representation of the Treasury that its conditions had been violated should be retained as contained in the original Charter.
7. And whereas by a Supplemental Charter under Our great seal dated the 18th day of December 1884 We authorized the said Company to continue incorporated under the original Charter as amended by the said Supplemental Charters for a further period of 10 years.
8. And whereas the said period of 10 years during which the said Company is declared to remain incorporated will expire on the 29th day of December 1894 and application has been made to Us for a prolongation of the incorporation of the said Company.
9. Now know ye that We by these Presents do will and ordain that the said Company shall continue incorporated for a further period of 10 years, to commence at the expiration of the time at which the incorporation of the said 'Company is limited to expire as aforesaid, and that, subject as in this Our Charter mentioned, the Original Charter, as amended by the said Supplemental Charters, and all the powers, privileges, conditions, and provisions therein contained, shall remain in force for such further period of 10 years as last aforesaid and apply to the said Company.
10. And We do hereby further will and ordain that notwithstanding anything contained in the original Charter as amended by the said Supplementary Charters the said Company may issue Promissory Notes up to the total amount of $5,000,000 and with duc notice to the Treasury up to the total amount of $8,000,000 beyond which no issue shall be made.
11. And whereas in lieu of the proviso in the original Charter whereby the said Company is bound to keep reserves of specic equal to one third of the Notes in circulation at any time which proviso We do hereby revoke and determine, We deem it expedient to make other provision for securing the due redemption of the Promissory Notes issued by the said Company, We do therefore hereby further will and ordain that the said Company shall within three months from the said 29th day of December 1894 deposit and thenceforth at all times shall keep deposited either with the Crown Agents for Our Colonies in London or with Trustees to be appointed by the Treasury, or partly with such Crown Agents and partly with such Trustees, coin being legal tender without limit in the Straits Settlements and Hong Kong respectively or securities to be approved by the Treasury or partly such coin and partly such securities equal to one third of the maximum amount of Notes which may for the time being have been allocated to the Straits Settlements and Hong Kong respectively such coin or securities or such coin and securities to be held by the said Crown Agents or by the said Trustees separately or jointly as special funds exclusively available for the redemption of the Promissory Notes issued by the said Company and in the event of the said Company's becoming insolvent to be applied accordingly so far as may be necessary but without prejudice to the rights of the holders of such notes to rank with other Creditors of the said Company against the assets of the said Company.
In witness whereof &c.
Witness, &c.
GOVERNMENT NOTIFICATION.-No. 189.
Tenders will be received at this Office until Noon of Tuesday, the 7th day of May, 1895, for re-forming, levelling, completing and concreting the upper surface of the Rubble Stone foundations of Sea Wall, constructing Storm Water Drains, Rubble Stone backing of Concrete Blocks, &c., Sections Nos. 6 and 7, under Praya Reclamation Ordinance of 1889.
No work will be permitted under this contract on Sundays, except during the low tides.
For form of tender, specification, and further particulars apply at the Praya Reclamation Office. No tender will be received unless the person tendering produces a receipt to the effect that he has deposited in the Colonial Treasury the sum of $100 as a pledge of the bona fides of his offer, which sum shall be forfeited to the Crown if such person refuses to carry out his tender, should the tender be accepted.
The Government does not bind itself to accept the lowest or any tender.
By Command,
Colonial Secretary's Office, Hongkong, 27th April, 1895.
J. H. STEWART LOCKHART,
Colonial Secretary.