A 44
CAP. 70]
The Hongkong and Shanghai Bank Regulations
(1989 Ed.
[Subsidiary]
(4) to accept from any shareholder, on such terms and conditions as may be agreed, a surrender of his shares or stock or any part thereof;
(5) to invest and deal with any moneys of the bank not immediately required for the purposes thereof upon such securities and investments (not being shares in the bank) and in such manner as the board may think fit, and from time to time to vary or realize such securities and investments;
(6) to provide for the head office and the other establishments of the bank in all parts of the world, and for the bank's chairman, executive directors, chief general manager, general managers, managers or other officers or any other employees, such houses and premises as the board thinks suitable, and to permit the same or such parts thereof as the board thinks proper to be used as residences or offices of any of the officers and employees of the bank and also generally to purchase, take on lease or otherwise acquire any lands, buildings, or premises, property, rights, privileges or things for all or any of the purposes of the bank or which it may be deemed convenient to acquire and hold for or in connection with any such purposes at such prices whether of a pecuniary nature or not and generally on such terms and conditions as the board thinks fit; (L.N. 61 of 1969; L.N. 334 of 1989)
(7) to appoint, and at its discretion remove or suspend, any chief general manager, general managers, managers, inspectors, sub-managers, agents, sub-agents, chief accountant, accountants, or other officers or any other employees for permanent, temporary or special services, as the board may from time to time think fit, and to invest him or them with such powers and duties as the board may think expedient, and to determine their duties and to fix their salaries or emoluments, and to require and take security in such instances and to such amount as the board may think fit; (L.N. 61 of 1969; L.N. 334 of 1989)
(8) to appoint and send to any place where the business of the bank is authorized to be carried on one or more of the directors, with such powers of inspection, control and regulation of the business or affairs of the bank, and such other powers, and with such instructions and subject to such conditions and restrictions, as the board thinks fit, and to allow such remuneration as the board thinks fit, and to revoke or suspend any such appointment;
(9) to appoint and send either temporarily or permanently to any such place as aforesaid any officers or employees of the bank, in any capacity which the board thinks expedient, for any of the business or affairs of the bank, and to allow them such remuneration as it thinks fit, and to revoke or suspend any such appointment; (L.N. 334 of 1989)
(10) to delegate to any such directors, or officers or employees of the bank respectively any of the powers of the board by a power of attorney or deed under seal, and to invest them respectively with any such powers as the board in its discretion thinks expedient for the due conduct, management and regulation of any of the business or affairs of the bank; (L.N. 334 of 1989)