7
to such persons on such terms and conditions, and at such times, as the Directors think fit, (subject nevertheless to the stipulations contained in the said Agreement with reference to the shares to be allotted in pursuance thereof) and with full power to give to any person the call of any shares either at par or at a premium, and for such time, and for such consideration as the Directors think fit.
5. As regards all allotments from time to time made, Return of the Directors shall duly comply with Section 90 of the Allotments. Companies Ordinance, 1911.
shares.
6. The Company may at any time pay a commission Commission to any person for subscribing or agreeing to subscribe for placing
whether absolutely or conditionally) for any shares in the Company, or procuring or agreeing to procure subscrip- tions (whether absolute or conditional) for any shares in the Company, but so that if the commission shall be paid or payable out of capital the conditions and requirements of all Ordinances of Hongkong shall be observed and complied with, and the commission shall not exceed five per cent. in each case on the shares subscribed or to be subscribed.
7. The Company may make arrangements on the Shares may issue of shares for a difference between the holders of such be issued shares in the amount of calls to be paid and the time of subject to payment of such calls.
different conditions as to calls, etc.
8. If, by the conditions of allotment of any shares, Instalments the whole or part of the amount or issue price thereof on shares to shall be payable by instalments, every such instalment be duly paid. shall, when due, be paid to the Company by the person who for the time being shall be the registered holder of the shares.
9. The joint holders of a share shall be severally as Liability of well as jointly liable for the payment of all instalments joint and calls due in respect of such share.
holders.
10. The Company shall not be bound by or recognise Company not any agreement to transfer or charge any registered share, to be bound or any equitable, contingent, future or partial interest in by or any registered share, or any other right in respect of such agreement share, except an absolute right thereto in the person from to transfer.
recognise
132