5
is
97
1
its foundation, and provided that
when so established it does not
contravene the laws of the locality
By the ordinance of its incorporation of 1866, the Hong Kong and Shanghar Banking Corporation was "established for the purpose of carrying
"the business of banking
2
*
yet y
in
"the Colony, (which is defined to be the Colony of Hong Kong and its Dependencies"); but with the consent of the Treasury it was not to be restricted from estabhshing Branch Banks in London or at any place
India, Penang or Singapore, China.
or Japan.
in or at which
British's
any
Connelate
was established.