THE HONGKONG GOVERNMENT GAZETTE, 28TH JULY, 1866.
Esquire, Arthur Sassoon, Esquire, George John Helland, Esquire, Palanjee jee, Esquire, Henry William Wood, Esquire and Caleb Tangier Smith, Esquire ther with such and so many other persons and bodies politic and corporate as now or shall hereafter become, proprietors of any share or shares of or in the capital, The time being, of the Company hereby established, shall be one body politic and rate, in name and in deed, by the name of "The Hongkong and Shanghae Banking ration," and by that name shall and may sue and be sued, in all Courts, whether wor of equity, and shall have perpetual succession with a Common Seal, which be by them varied and changed at their pleasure.
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IV. The said Company is and shall be established for the purpose of carrying on, Power to the Com- der the management of a Court of Directors the business of Banking for the term of pay
Banking business for aty-one Years, commencing from the day of the date of this Ordinance, in the Twenty-one Years.
: Provided always that nothing herein contained shall restrict the said Company, the consent of the Commissioners for the time being for executing the Office of High Treasurer in England, from establishing any Banks or Branch Banks at alon or at any Port, Town, City or I'lace in India, Penang and Singapore, or in the minions of the Emperor of China, or of the Tycoon of Japan, in or at which any Hish Consulate or Vice-Consulate is or may be hereafter established, and also without h consent as aforesaid from establishing at London or any such Port, Town, City Place as aforesaid, Agencies for Exchange, Deposit and Remittance.
V. The Capital of the Company shall consist of Five Millions of Dollars Capital and increase Cvided into Forty Thousand Shares of One Hundred and Twenty-five Dollars each, of Capital.
such further Capital not exceeding Two Millions Five Hundred Thousand Dollars, the Directors for the time being shall deem necessary for the purposes of the said dertaking: And for the creation of which they shall have previously obtained the nsent of the Governor, such consent being signified in writing under the hand of the Governor; but such further Capital shall be divided into Shares of One Hundred and Twenty-five Dollars each and be paid up in full as hereinafter mentioned. And until h further Capital be raised as aforesaid, the aforesaid Sum of Five Millions of llars shall be taken to be the fixed Capital of the Company--And whenever and so ten as any further Capital shall have been raised then a Notification or Proclamation that effect under the hand of the Governor shall be published in the Hongkong overnment Gazette, and the said Sum of Five Millions of Dollars together with such urther Capital, shall thenceforth be taken to be the fixed Capital of the Company, but ah power, nevertheless, to further increase such Capital as hereinafter mentioned.
pany until Capital
VI. It shall not be lawful for the Company to commence or carry on the said Prohibition of com- siness of Banking, until it shall be made to appear to the satisfaction of the Governor mencement of Com- at the whole of the aforesaid Capital of Five Millions of Dollars has been subscribed subscribed and half
by Deed, under hand and seal; and that one-half (at the least) of such Sum of Five paid up. llions of Dollars has been actually paid up, such satisfaction to be evidenced by a Notification or Proclamation under the hand of the Governor, to be published in the said Hongkong Government Gazette.
Ordinance and rescis-
VII. Unless it shall be made to appear to the satisfaction of the Governor (to be Provision for repeal of lenced as aforesaid), that the whole of the said Capital of Five Millions of Dollars sion of Incorporation
been subscribed, under hand and seal, before the expiration of a period of Two of Company." rs, to commence and be computed from the date of this Ordinance, and unless the Whole of the said Capital of Five Millions of Dollars shall be actually paid up within the riod of Three Years to be reckoned from the date of the Notification or Proclamation be published as aforesaid of the payment of one half of the said Capital of Five Millions Dollars (but so that such payment in full be not in any case delayed beyond the period Four Years, to be reckoned from the date of this Őrdinance), it shall be lawful for Governor with the Advice of the Legislative Council of the Colony, at any time reafter, by an Ordinance to be passed for that purpose to repeal this Ordinance and are that the Incorporation hereby granted to the Company shall cease and determine become absolutely void.
VIII. Until, as herein before provided for, the Governor shall so publish in the Hongkong Provision as to fur- Bovernment Gazelle a Notification or Proclamation under his hand, that one half of such ther Capital.
ther Capital has been paid up, the Company shall not be entitled, by advertisement or wise, to hold out to the Public that the amount of its Capital has been increased.
IX. The remainder of the instalments on the shares constituting such further Payment of remainder tal shall be wholly paid up within Two Years, to be reckoned from the date of of instalments,
Notification or Proclamation (so to be published as aforesaid) of the payment of