1. This Ordinance may be cited as the Hongkong and Shanghai Banking Corporation Ordinance 1907, (and should be read together with and be construed as one Ordinance with the Principal Ordinance).
2. It shall be lawful for the Company, notwithstanding anything contained in Section 22 of the Principal Ordinance, or in the Deed of Settlement therein mentioned, from time to time to extend or increase its capital for the time being by the creation and sale of new shares, so as the same is made with the consent of a General (Extraordinary) Meeting of the shareholders of the Company to be specially called for that purpose and with the consent previously obtained of the Governor, and under such conditions and provisions as he may think fit, such consent being evidenced by a notification or proclamation to that effect under the hand of the Governor and published in the Gazette, and so as the total amount of the capital of the Company shall not exceed the sum of twenty millions of Dollars;
PROVIDED that whenever and so often as any further capital is raised then a notification or proclamation to that effect, under the hand of the Governor, shall be published in the Gazette, and the present capital of ten millions of Dollars, together with such further capital shall thenceforth be taken to be the fixed capital of the Company, but with power nevertheless to further increase such capital from time to time as is herein provided; PROVIDED ALWAYS and it is hereby expressly declared that, notwithstanding the provisions of Section 13 of the Principal Ordinance nothing herein contained shall authorise or empower the Company to issue Bills and Notes of the Company payable to bearer on demand to an amount exceeding the sum of ten millions of Dollars, being the amount of the capital of the Company actually paid up on the first day of January 1907, without first depositing and at all times keeping deposited either with the Crown Agents for the Colonies in London, or at the option of the Company with Trustees to be appointed by the Secretary of State for the Colonies, or...
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