280
THE HONGKONG GOVERNMENT GAZETTE, 11TH MARCH, 1882.
ISSUE OF BANK NOTES BY THE HONGKONG and Shanghai Banking CORPORATION IN THE STRAITS SETTLEMENTS.
The Right Honourable The Earl of Kimberley to Governor Sir John Pope Hennessy, K.C.M.G.
HONGKONG, No. 9.
DOWNING STREET,
11th January, 1882
SIR,-With reference to my Despatch No 127 of the 19th of October, I have the honour to transmit to you for your information copies of the documents specified in the annexed Schedule.
I have, &c.,
(Signed)
The Officer Administering the Government of
HONGKONG.
Date.
Description of Document.
KIMBERLEY.
No. 10 of 1881.
Ordinance of incor- poration, deed of
Settlement and bye- laws to be filed.
Further Ordinances,
to be filed,
Ordinance of the Straits Settlements entitled
:----
“An Ordinance to enable the Hongkong and Shanghai Banking Corporation "to issue Bank Notes in the Straits Settlements and for other purposes.
Straits Settlements.
ORDINANCE No. X. or 1881.
An Ordinance to enable the Hongkong and Shanghai Banking Corporation to issue Bank Notes in the Straits Settlements, and for other purposes.
FRED. A. WELD,
W
Governor and Commander-in-Chief.
[22nd November, 1881.]
HEREAS the Hongkong and Shanghai Banking Corporation, with the consent of the Commissioners for executing the office of Lord High Treasurer in England, is about to open a Branch at Singapore, and it is expedient that the said Corporation should have the privilege of issuing notes payable on demand:
It is hereby enacted by the Governor of the Straits Settlements, with the advice and consent of the Legislative Council thereof, as follows:-
1. Within three months from the passing of this Ordinance, the said Corporation shall cause to be filed with the Registrar of Companies at Singapore a copy of the Ordinance of the Colony of Hongkong incorporating the Corporation, together with a copy of the deed of settlement, and of any supplemental deed of settlement, and of all bye-laws of the Corporation; and in the event of a branch bank of the Corporation being opened at any other Settlement of the Colony, the Corporation shall, within three months from the opening of such branch, cause copies of the said Ordinance, deeds and bye-laws to be filed with the Registrar of Companies at such Settlement.
The said Corporation shall, in like manner, cause to be filed with the like officer at deeds, and bye-laws each Settlement where there is a branch bank of the Corporation copies of any further Ordinance of the Colony of Hongkong relating to the affairs of the Corporation, and of any further deed of settlement, and of all further bye-laws of the Corporation within three months from the date when such Ordinance, deed, or bye-law shall come into operation.
Authentication.
Corporation may purchase and hold land.
Bank notes.
Multiples of $5.
Dated.
Sign ed.
Payable.
The correctness of all copies filed under this section shall be authenticated under the common seal of the Corporation.
2. The said Corporation shall be capable in law to take, hold and dispose of all property, moveable or immoveable, within the Colony, which is necessary for the purpose of its banking business.
3. It shall be lawful for the said Corporation to make, issue, and circulate at each of the Settlements where there may be a branch bank, notes or bills payable to bearer on demand in coin lawfully current in the Colony, and to re-issue the same.
No such notes shall be issued for any other sums than the sum of five dollars, or some multiple of such sum; and
all such notes issued for circulation in any Settlement shall bear date at that Settlement; and
shall be signed by the manager, agent, or other person intrusted by the Corporation with the conduct of the business of the Corporation at the Settlement; and
shall be payable in current coin on demand at the principal place of business of the Corporation at the Settlement; and