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c/. Ordin- ance No. 39 of 1932,
8. 348.
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to be the custodian on such terms as are agreed upon of any moneys, securities, jewellery, plate or other valuable property and of papers, documents, deeds, wills, de- bentures and other evidence of title or in- debtedness;
(g) to receive and manage any sinking, redemp- tion, guarantee or any other special fund or deposit and to act as agent for counter- signing, registering or otherwise ascertaining and certifying to the genuineness of any issue of shares, stocks, bonds, debentures or other securities for money of any Government, Municipal or other corporate body or of any association, whether incorporated or not, duly authorised to issue and make such issue and to hold any such securities as agent or trustee and to act generally as agent for any such Government Municipal or corporate body or association;
(h) to acquire and hold immovable property for the actual use and occupation of the company or any of its officers and servants and to erect, construct, enlarge, alter and maintain any buildings necessary or convenient for the said purposes and to sell or otherwise dispose of any such immovable property if not re- quired for the said purposes;
(i) to hold land which having been mortgaged to the company is acquired by it for the protec- tion of its investments; and from time to time sell, mortgage, lease or otherwise dispose thereof;
to deposit the moneys of the company not im- mediately required with any bank or banks at interest until such moneys can be more permanently invested and to invest the moneys of the company in accordance with the provisions of section 92;
(k) to borrow moneys and secure the repayment thereof with interest in accordance with the provisions of section 94;
(1) to receive and collect such remuneration for its services as is agreed upon or as fixed or allow- ed from time to time by law and all usual and customary charges, costs and expenses. (m) to support and subscribe to any charitable or public object and any institution, society or club which may be for the benefit of the company or its employees or may be connect- ed with any town or place where the com- pany carries on business; to give pensions, gratuities or charitable aid to any person or persons who may serve or have served the company or to the wives, children or other relatives of such persons; to make payments towards insurance and to form and contribute to provident and benefit funds for the benefit of any persons employed by the company:
Provided that no such subscription, gift, payment or contribution shall be given or made, except out of profits of the company available for distribution as dividend;
(n) to carry on within the limits of the China Order in Council, 1925 (and any Orders amending, read with, auxiliary to or sub- stituted for the same), but not elsewhere outside the Colony, any business or to hold any office which a Trust Company is by this Ordinance authorised to carry on or to hold in the Colony;
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(o) to acquire and undertake the whole or any part of the business of any person or company of a like nature to any business which a Trust Company is authorised to carry on and in consideration for such acquisition to under- take all or any of the liabilities of such person or company and to issue shares to such per-
son or company.
(p) to do all such other things as are incidental or conductive to the attainment of the before- mentioned objects or any of them.
(2) Nothing in this section shall be construed to authorise any Trust Company to engage in the busi- ness of banking or of insurance or the business of a deposit, provident or benefit society.
(3) No Trust Company shall carry on any business or execute any office other than the businesses or offices included in the objects set out in sub-section (1).
83. If at any time a Trust Company shall be Trust appointed executor of the will of any testator, it shall Company
be lawful for the company to apply to the court for may act as probate of the will and if probate be granted, to exer- executor, cise and discharge all the powers and duties of an executor.
84. (1) If and whenever any person shall be en- Trust titled to apply for probate of the will of any testator Company without leave being reserved to any other person to to apply apply for probate, it shall be lawful for such person, or adminis- for probate whether absent from the Colony or not, and notwith- tration. standing the provisions of any other enactment, in- stead of himself applying for such probate, to authorise a Trust Company to apply to the court for a grant of administration with the will annexed of the estate of such testator, and such grant may be made to the Trust Company upon its own application, when so authorised, but the provisions of this section shall not apply to any case in which a will provides that a company shall not act as executor or in the trusts thereof.
(2) If and whenever any person shall be entitled to apply for letters of administration with the will of any testator annexed of the estate of such testator, it shall be lawful for such person, whether absent from the Colony or not, and notwithstanding the provisions of any other enactment, to authorise a Trust Company, either alone, or jointly with any other person, to apply to the court for a grant of letters of administration with the will annexed of the estate of such testator, and such grant may be made to the company upon its own application when so authorised, but the provisions of this section shall not apply to a case in which a will provides that a company shall not act as executor, or in the trusts thereof,
(3) It shall be lawful for any person or persons en- titled to apply for administration of the estate of any intestate, whether such person or persons be absent from the Colony or not, and notwithstanding the pro- visions of any other enactment, to authorise a Trust Company to apply to the court for such letters of ad- ministration, either alone or jointly with any other person, and administration of the estate of any such intestate may be granted to the company either alone or jointly as aforesaid, upon its own application, when so authorised.
(4) For the purposes of any application to the court for letters of administration to the estate of any de- ceased person, the court shall consider a Trust Com- pany, when authorised as aforesaid, to be in law en- titled, equally with any other person or class of per-
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