164
THE HONGKONG GOVERNMENT GAZETTE, 1ST APRIL, 1876.
Title.
Preamble.
Interpretation.
Shares may be divided into shares of smaller
amount.
Special
resolution to
Memorandum
An Ordinance enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, to authorise "The China Traders' Insurance Com- pany, Limited," to sub-divide its shares.
[
, 1876.]
HEREAS "The China Traders' Insurance Company,
W Limited" is a Public Company duly Incorporated and
Limited by shares under the provisions of the "The Companies Ordinance, 1865," and whereas the Memorandum of Association of the said Company provides that the Capital of the Company is one million of dollars divided into two hundred shares of five thousand dollars cach, and whereas the whole of the said shares have been issued and the sum of fifteen hundred dollars has been paid up on each share, and whereas the said Company has found that shares of five thousand dollars each are too large for the advantageous management of the affairs of the Company, and the Company is therefore desirous of sub-dividing the existing shares into shares of smaller amount, and whereas the said Company in order to effectuate its desire has applied to the Governor to con- fer upon it the necessary powers therefor by means of this Ordi- nance, and whereas the said Governor has consented so to do upon the terms and conditions hereinafter contained: Be it there- fore enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:-
I. In the interpretation of this Ordinance, the expression “The Company" shall mean "The China Traders' Insurance Company, Limited."
II. It shall be lawful for the Company by special resolution to modify the conditions contained in its Memorandum of Association so as by sub-division of its shares or any of them to divide its Capital or any part thereof into shares of any amount not less than one-third of the amount fixed by the Memorandum of As- sociation, provided that in the sub-division of the existing shares, the proportion between the amount which is paid, and the amount which is unpaid on each share of reduced amount shall be the same as it was in the case of the existing share or shares, from which the share of reduced amount is derived.
III. The Statement of the number and amount of the shares into which the Capital of the Company is divided contained be embodied in in every copy of the Memorandum of Association issued after the of Association, passing of any such special resolution, shall be in accordance with such resolution, and if the Company make default in com- plying with the provisions of this section, it shall incur a penalty not exceeding five dollars for each copy in respect of which such default is made, and every Director, Manager and Secretary of the Company who knowingly or wilfuly authorises or permits such default shall incur the like penalty.
IV. This Ordinance shall come into force on such day as shall be hereafter fixed by proclamation under the hand of the Governor.
No 63.
GOVERNMENT NOTIFICATION.
The following copy of an Order of the Queen's Most Excellent Majesty in Council with the Pro- clamation approved therein, is published for general information.
By Command,
Colonial Secretary's Office, Hongkong, 1st April, 1876.
AT THE COURT AT WINDSOR,
The 27th day of November 1875.
PRESENT:
J. GARDINER AUSTIN,
Colonial Secretary.
THE QUEEN'S MOST EXCELLENT MAJESTY IN COUNCIL.
WHEREAS there was this day read at the Board the draft of a Proclamation revising the rate at which the Mexican dollar and other coins referred to therein shall be issued in payments to Her Ma- jesty's Land and Naval forces in Her Majesty's Island of Hongkong and its dependencies, and else- where upon the China station, and for Her Majesty's Diplomatic, Consular, and other Imperial services at the various ports of China and Japan; Her Majesty, having taken the same into consideration, was pleased, by the advice of Her Majesty's Privy Council, to approve thereof, and to order, and it is hereby ordered, that the Proclamation approved this day do take effect and come into force on the day on which it shall be promulgated in Her Majesty's said Island of Hongkong by the Governor or Officer administering the Government thereof.