Cu Brnation
of telephone couchtsion to
the comp).
and article
of the
COMPANY.
(Ordinanca No. 19 of 1032).
Number an
residents of
direstora.
Authoriza capital of
"Director" means the Director of Public Works or his daly
authorized representative;
"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:
"subscriber" means subscriber to a telephone of the company: "undertaking" includes all works, goids, trunk line apparatus and cables and property of whatever, nette belonging tu the company,
3. The Government confirms that, subject to the provisions of this Ordinance, the company shall continue to have the sole right to supply and operate publić telephonic communication within the Colony, including trunk line telephonic communion- tion therein for communicating with places outside the Colony, for the remainder of a term of fifty years commencing on and from the first day of July, 1925, and expiring on the thirtieth day of June, 1975.
4. The company shall remain registered under the Com- panies Ordinance, 1932, and neither Its memorandum nor any of its articles of association shall, at any time, be amended or added to in any way, except with the previous consent in writing of the Governor in Council.
5.
The directors of the company shall not be less than six and not more than ten in number and all the directors shall be bona fide resident in Hong Kong,
6. (1) The capital of the company shall be $19,000,000 the company: divided into 1,900,000 shares of $10 each: Provided that after an amount of $15,000,000 of such capital shall have been issued no part of the balance shall be issued without the previous consent of the Legislative Council signified by resolution.
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(2) The company shall not issue any debentures or borrow on mortgage except with the consent of the Legislative Council signified by resolution.
7. The company shall pay to the Accountant General, as Royalty. toyalty for the concession, on the first day of March in every war during the remainder of the term of the concession the sum of four dollars in respect of each direct exchange line elephone which has been used and paid for during the whole preceding financial year of the company by a subscriber.
In
cases where direct exchange line telephones have been used and maid for by subscribers for less than twelve months prior to the last day of such financial year, the amount of royalty to be paid by the company shall be one dollar for each direct exchange inc telephone for such period of three months or less during which such telephone has been used and paid for by a subscriber.
BICUTA
8. Subject to the consent in writing of the Director and Power g subject also to the restrictions and provisions hereinafter contained works and to such further conditions as the Director may in any particular case impose or prescribe, the company may-
(a) place and maintain telephone lines and cables and ducts under any public street and may alter or remove the
same;
(b) place and maintain telephone lines and cables over, along or across any public street and may place and maintain posts in or upon any public street and may alter or remove the same;
(c) for the purposes aforesaid, open or break up any public
Street:
(d) place and maintain telephone lines and cables and posts under, in, upon, over, along or across any unleased Crown land or any estuary or branch of the sea or the shore or bed of any tidal waters within the boundaries of the Colony (but so that the same shall not hinder or interfere with navigation) and alter or remove the same; (e) place and maintain telephone lines and cables under, in, upon, over, along or across railway tracks, tunnels and oder railway property belonging to the Government (but so that the same shall not hinder or interfere with the railway traffic) and alter or remove the same:
Provided always that the company shall not be deemed to acquire any right other than that of user only in the soil of any
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