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1.
Enclosure 2.
373
ATTORNEY GENERAL'S CHAMBERS,
Hongkong...30th..a.x....hdør 1922.
REPORT ON ORDINANCE No.............................of 19V 1922.
I have examined the accompanying Ordinance intituled
an Ordinance to amend the Hongkong and Shanghai Bank Ordinance,1866,
and 1 an of opinion that the Ordinance is one which is not contrary to the
Governor's Instructions.
2.
The objects of this Ordinance pre: -
(a) To give the Corporation power to increase its capital with the consent of the Governor up to $50,000,000. The former limit was $20,000,000.
(b) To increase the limit of the ordinary note issue
from $15,000,000 to $20,000,000.
(c) To revise the requirements of the law as to the
security to be held against the ordinary note issue.