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No. 9 of 1925.
TELEPHONE.
TELEPHONE.
No. 9 of 1925.
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"Concession means sole right to supply telephonic com- munication which is granted to the company by this Ordinance;
Director means the Director of Public Works or his duly authorized representative;
tion;
CA
Person" includes any person, firm, company or corpora-
Peak District " includes all that area in the Island of Hong Kong situated above the 700-feet contour and to the west of a line drawn in a north and south direction through Middle or Cemetery Gap, including the hills known as Mount Cameron, Mount Gough, Mount Kellett and Victoria Peak;
* Street includes any square, court or alley, highway, lane, road or passage whether a thoroughfare or not;
pany;
LL
Subscriber means subscriber to a telephone of the com-
Undertaking includes all works, goods, trunk line apparatus and cables and property of whatever nature belonging to the company.
Grant of
3. Subject to the provisions hereinafter contained the Gov- telephone concession to ernment grants to the company the sole right to supply and the company operate public telephonic communication within the Colony, for 50 years.
including trunk line telephonic communication therein for com- municating with places outside the Colony, for the period of fifty years commencing on and from the 1st day of July, 1925. Such trunk line telephonic communication shall include a right to establish and maintain intercommunication with any commercial radio telephony station outside the Colony but this right shall be limited to the period during which intercommunication of the same or like kind or nature is not provided through or by some undertaking or service carried on or authorized by the Government of the Colony or by His Majesty's Government in the United Kingdom.
* As amended by No. 14 of 1935 [22.3.35] and Law Rev. Ord., 1939,
Supp. Sched.
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of the
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4. The company shall be and remain registered under the Registration Companies Ordinance, 1932, and its memorandum and first and articles articles of association shall be approved by the Governor in company. Council and neither its memorandum nor any of its articles of Ordinance association shall, at any time, be amended or added to in any No. 39 of way, except with the previous consent in writing of the Governor in Council.
1932.
residence of directors.
5. The directors of the company shall be not less than four Number and and not more than eight in number, and all the directors shall be bona fide resident in Hong Kong.
company;
6. (1) The capital of the company shall be $5,000,000 Authorized divided into 500,000 shares of $10 each, and the company shall capital of not, except with the previous consent of the Legislative Council, make any further issue of shares or otherwise save as in this Ordinance provided in any manner whatever increase the moneys employed in the company's undertaking beyond the sum of $5,000,000.
On
(2) The company shall not issue any debentures of borrow restriction on mortgage except with the consent of the Legislative Council. borrowing.
Government.
7. The company shall pay to the Accountant-General, as a Payment to royalty for the concession, on the 1st day of July in every year during the aforesaid period of fifty years, commencing on the 1st day of July, 1926, the sum of $4 in respect of each direct exchange line telephone which has been used and paid for during the whole previous twelve months by a subscriber.
In cases where direct exchange line telephones have been used and paid for by subscribers for periods of less than twelve months prior to the 1st day of July in each year, the amount of royalty to be paid by the company shall be $1 for each direct exchange line telephone for each period of three months or less during which such telephone has been used and paid for by a subscriber.
execute
8. Subject to the consent in writing of the Director and Power to subject also to the restrictions and provisions hereinafter con- works. tained and to such further conditions as the Director may in any particular case impose or prescribe, the company may execute works as follows--
As amended by Law Rev. Ord., 1939, Supp. Sched.
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