Enclosure 4
No.
Ordinance No. of 1890.
An Ordinance enacted by the Governor of Hong Kong, by and with the advice and consent of the Legislative Council thereof, intituled "The Hongkong Land Investment and Agency Company Limited Ordinance, 1890."
[30th April, 1890.]
WHEREAS the Memorandum of Association of The Hongkong Land Investment and Agency Company Limited (hereinafter called "the Company") provides (inter alia) that the objects for which the Company is formed are from time to time and at any time to do, transact, and carry on in the Colony of Hongkong and its Dependencies (but not elsewhere) all or any or either of the acts, deeds, matters and things therein more particularly mentioned, and section 8 of Article 86 of its existing Articles of Association specifies certain investments for its funds; And whereas it is desirable to authorise the Company to transact business elsewhere than in the Colony and to extend its powers of investment: Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
1. The Company may from time to time and at any time do, transact, and carry on as well elsewhere than in the Colony as in the Colony all or any or either of the objects mentioned in its Memorandum of Association.
2. Section 8 of Article 86 of the Company's existing Articles of Association is hereby annulled, and in lieu of the investments therein specified the funds of the Company may from time to time and at any time be invested in or upon any of the public stocks or funds or Government securities of the United Kingdom or India or the Colony or any other Colony or any Dependency of the United Kingdom, or in or upon freehold, copyhold, leasehold or chattel real securities as well elsewhere than in the Colony as in the Colony, or in or upon the stocks, funds, shares, bonds, debentures, mortgages or securities of any Corporation, Company or public body, municipal, commercial or otherwise, as well elsewhere than in the Colony as in the Colony, or in or upon the stocks, funds, bonds, debentures, mortgages or securities of any foreign Government, Country or State, or in or upon deposit at or loans to any bank having its head or a branch office in the Colony or in London in England. The investments hereby authorised may at any time be altered, varied or transposed.
3. This Ordinance shall not take effect unless and until it shall be made to appear to the satisfaction of the Governor that the Company in meeting has by special resolution, passed in accordance with section 50 of "The Companies' Ordinance, 1865," approved of the same, such satisfaction to be evidenced by a notification or Proclamation under the hand of the Governor in the Gazette.
Passed the Legislative Council of Hongkong, this 9th day of April, 1890.
Acting Clerk of Councils.
Assented to by His Excellency the Officer Administering the Government, the day of April, 1890.
Acting Colonial Secretary.
C.O. 882/30:1070
[PEG 9 JUN 30]