13
Shanghai Banking Corporation should give an undertaking
that no amalgamation scheme (including the purchase of
shares or any joint working or profit sharing arrangement)
to which the Bank may be a party will be carried out
without the prior approval of the Treasury and of the
Board of Trade.
3. The Hongkong and Shanghai Bank Ordinance,
1866, was Ordinance No. 5 of 1866 and the marginal note
to Clause 18 will require to be amended accordingly.
A copy of this letter is being sent to the
Board of Trade.
I am,
Sir,
Your obedient Servant,
NNW Niche
So