CAP. 70]
The Hongkong and Shanghai Banking Corporation.
Regulations THE HONGKONG AND SHANGHAI BANKING
Fraser,
vol. 3, p. 1012.
Ord. 8 of
1946,
Ord. 37 of 1950.
Citation and construction
CORPORATION.
THE HONGKONG AND SHANGHAI BANK
REGULATIONS.
(Cap. 70, section 4).
(Ordinance No. 6 of 1929.)
[17th May, 1929.]
1. The following which may be cited as The Hongkong and Shanghai Bank Regulations shall be the regulations of the bank, and they shall be construed by the law in force for the time being in Hong Kong.
Agreement by shareholders
to abide by Ordinance
and
regulations.
Objects of
the bank.
2. Every shareholder, his heirs, executors, administrators or assigns or successors shall perform the several engagements on the part of the shareholders which are expressed in the Ordinance and in the regulations, and shall in all other respects perform and abide by the provisions of the Ordinance and the regulations.
The objects of the bank are-
(a) the carrying on the business of banking in all its branches and departments and of financial agents, including the issue of notes; the borrowing, raising or taking up of money; the lending or advancing, with or without security, of money, securities and property, and also with or without security the granting or contracting for open general credits; and also the receiving of money on deposit or current account at interest or otherwise; the making, drawing, accepting, indorsing, issuing, discounting, buying, selling, exchanging, remitting and otherwise dealing with bills of exchange, promissory notes, coupons, comprador orders, native bank orders, drafts, bills of lading, warrants, bonds, debentures, certificates, scrip and other instruments and securities whether transferable or negotiable or not; the granting and issuing of letters of credit and circular notes; the buying, selling and dealing in bullion, specie and coins; the negotiating of loans and advances; the collecting and transmitting of money and securities; the managing of property;
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