SCHEDULE
29
1
Regulations
1. The following shall be the regulations of the Bank, and they shall be construed by the law in force for the time being in Hongkong.
2. Every shareholder, his heirs, executors, administrators, or assigns or successors shall perform the several engagements on the part of the share- holders which are expressed in the Ordinance and in the regulations, and shall in all other respects perform and abide by the provisions of the Ordinance and the regulations.
3. The objects of the Bank are :---
(1) The carry on the business of banking in all its branches and departments and of financial agents including the issue of notes; the borrowing, raising or taking up of money; the lending or advancing, with or without security, of money, securities and property, and also with or without security the granting or contracting for open general credits; and also the receiving of money on deposit or current account at interest or otherwise; the making, drawing, accepting, endorsing, issuing, discounting, buying, selling, exchanging, remitting and otherwise dealing with bills of exchange, promissory notes, coupons, compradore orders, native bank orders, drafts, bills of lading, warrants, bonds, debentures, certificates, scrip and other instruments and securities whether transferable or negotiable or not; the grant- ing and issuing of letters of credit and circular notes; the buy- ing, selling and dealing in und/minting of bullion specie and coins; the negotiating of loans and advances; the collecting and transmitting of money and securities; the managing of property; and the transacting of all kinds of agency business commonly transacted by bankers.
(2) To take, accept, enforce, release, realise or deal with any security now held or which may hereafter be held by the Bank for any moneys owing or to become owing to the Bank, or for any liabilities incurred or to be incurred towards or by the Bank by way of mortgage, pledge, hypothecation, deposit or other- wise howsoever of every kind of property or rights.
(3) To carry on the business of a savings bank in all branches of such
business.
(4) To acquire by purchase or otherwise, or otherwise to participate in, deal in, and turn to account, the business of any mercantile trading or banking concern or any other business of whatsoever nature and any part of the real and personal property belong- ing to any such concern in connection with the business opera- tions carried on by such concern.
(5) To establish, carry on, undertake, finance, or otherwise deal with and turn to account, any business, undertaking, transaction or operation commonly carried on or undertaken by bankers, discounters, bill brokers, bullion brokers, exchange brokers, [stock brokers, jobbers, produce brokers and dealers, merchants, Traders, capitalists, promoters, financiers, agents or concession-
aires.
(6) To hold, maintain, improve, realise and deal with as may seem expedient any property which the Bank may become entitled to by foreclosure or otherwise, and for the purpose of better
Construc- tion of regulations.
Agreement by share- holders to abide by Ordinance and Re- gulations.
Objects of the Bank.
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