де
фото
S. 571/27.
منا
cin
21
4
52801
RECEIVED 31 AUG 1928
COL.OFFICE
30th August, 1928.
Sir,
I am directed by the Board of Trade to
19/acknowledge the receipt of Mr. Ellis's letter
19/0
52801/28 of August 21st on the subject of the
proposed amendment of the Hongkong and Shanghai
Bank Ordinances.
The Board observe that in the letter from
Messrs. Johnson, Stokes and Master of June 8th
it is now agreed that Clause 5(1) of the draft
Ordinance should read: -
"The objects of the Bank shall be the
carrying on of the business of banking and, as ancillary thereto, the other businesses and objects set forth and contained in regulation No. 3 of the regulations.
In view of the restrictive effect of the words
"as ancillary there to", now added, they do not
thereto",
propose to insist on the elimination of Regulation
3(4).
The Under Secretary of State,
Colonial Office,
London, S.W.1.
/The