1919-HKRS29-1-1-6_Part01 — Page 19

No. 2.

PROCLAMATION.

7.2. Stable.

Governor.

By His Excellency Sir REGINALD EDWARD STUBUS Knight Commander of the Most Distinguished Order of Saint Michael and Saint George Governor and Commander-in- Chief of the Colony of Hongkong and ita Dependencies and Vice-Admiral of the same.

Whereas by virtue of the provisions of the Hongkong and Shanghai Banking Cor- poration Ordinances 1866 and 1914 the Hongkong and Shanghai Banking Corporation (hereinafter called "the Corporation") is anthorized from time to time to extend or increase its capital for the time being by the creation and sale of new shares so as the same is made with the consent of a General (Extraordinary) Meeting of the shareholders of the Corporation to be specially called for that purpose and with the consent previously obtained of the Governor and under such conditions and provisions as he may think fit, such consent being evidenced by a notification or proclamation to that effect under the hand of the Governor and published in the Gazette, and so as the total amount of the capital of the Corporation shall not exceed the sum of twenty millions of dollars: Pro- vided that whenever and so often as any further capital is raised then a notification or proclamation to that affect under the hand of the Governor shall be published in the Gazette and the already existing capital together with such further capital shall thenceforth be taken to be the fixed capital of the Corporation, but with power nevertheless further to increase such capital from time to time as in such Ordinances is provided :

And whereas with the consent of the Officer then Administering the Government of Hongkong and its Dependencies dated the 15th June 1907 and published in the Gazette the capital of the Corporation was increased to the sum of lifteen millions of Dollara and a notification or proclamation to that effect under the hand of the aid Officer then administering the Government dated the 20th June 1907 was duly published in the Gazette:

And whereas it having been duly intimated to me that the desire of the Shareholders of the Corporation was to increase further the capital of the Corporation to the total amount of twenty millions of dollars by the creation and sale of new shares in accordance with the Deed of Settlement of the Corporation and subject to the provisions of the Hongkong and Shanghai Banking Corporation Ordinances 1866 und 1914 and to have the previous consent of the Governor thereto I on the 27th day of May 1921 in writing did signify my consent to the proposed creation of additional capital of the Corporation subject to the provisions of the said Hongkong and Shanghai Banking Corporation Ordinances 1866 and 1914 to the extent of Five millions of dollars :

And whereas it has been represented to me that pursuant to the said cousend a further capital of five millions of dollars divided into shares of 125 each has been raised;