Copy.
TS'O & HODGSON.
Solicitors.
Hong Kong.
2nd September, 1938.
27
The Registrar of Companies,
Dear Sir,
We have been consulted by the local representative
of the Provincial Bank of Fukien with regard to the question
of registration under Section 319 of the Companies Ordinance.
The Provincial Bank of Fukien is, as its name indi-
cates, a bank established by the Chinese Government of the
Province of Fukien.
It is desired to establish a branch office of such
Bank in Hong Kong and the question which has arisen is whether
such branch should be registered in Hong Kong in pursuance of
the Companies Ordinance.
We have seen the Chinese constitution of this Bank
and the following articles would seem to have a bearing on the
question under consideration :-
Article 3. The Bank is established and operated by the
Fukien Provincial Government and shall be known
Article 5.
Article 6.
as the Provincial Bank of Fukien.
The authorised capital of the Bank shall be
$5,000,000 National Currency, which has already
been fully subscribed by the Fukien Provincial
Government. One half of the authorised capital
i.e. $2,500,000 National Currency has already
been appropriated, the remaining half to be
appropriated at another date.
If it should be necessary to increase the
authorised capital of the Bank or to enlist
civilian capital, the same shall be decided by