1959-HKRS30-8-49_Part01 — Page 31

Duty to pay mobeys into

bank

account.

Payment of Capital moneys and The use thereof.

Method of drawing and signing cheques,

Investment of endow- ment Fund.

Revocalbom. (Cop, 308).

21. All subscriptions and pecuniary donations and the income of investments and all other moneys from time to time forming part of the general funds of the corporation shall on receipt thereof be paid to the credit of the corporation with its bankers.

22. All capital moneys shall be paid into a separate account with the bankers of the corporation and shall be expended first on the cost of building the institute and as to the balance towards forming an endowment fund which shall be invested and controlled by the com- milice and used in any way it thinks lit for the benefit of the institute. 23. Cheques shall be drawn on the onder of the committee and shall be signed by the chartered accountants and countersigned by two members of the committce.

InvestmentS.

24. All moneys standing to the credit of the endowment fund shail be invested by the committee in the corporate name of the corporation or in the names of its nominees in the investments authorized in the Ordinance and any such investments may be sold and the proceeds thereof invested in other such investments as and when the committee anay direct.

25. The regulations contained in the Schedule to the Sailors Home and Missions to Seamen Incorporation Ordinance are revoked.

At a General Meeting of The Sailors Home and Missions to Scamon, hereinafter referred to as the corporation, held on the Seventh day of August. One thousand nine hundred and lifty nine, It was MOVED by the Chairman, the Honourable H. D. M. Burton, M.B.E. and seconded by Mr. A. G. Parker and RESOLVED unanimously that the proposed regulations cited as the Sailors Home and Missions lo Scamen Regulations, 1959, for carrying into effect section 7 of the Sailors Home and Missions to Seamen Incorporation Ordinance, Chapter 308, now submitted for approval, and signed by the chairman for the purpose of identification, be, and the same are hereby, approved, made and adopted.

IN WITNESS whereof the corporation has caused its corporate scal to be hereunto ufixed in the presence of three members of the committee who have set their respective hands the fifteenth day of September, 1959.

H. D. M. BARTON.

5

WHEREAS by subsection (1) of section 7 of the Sailors Home and Missions to Seamen Incorporation Ordinance, Chapter 308, hereinafter referred to as the Ordinance, The Sailors Home and Missions to Seamen, hereinafter referred to as the corporation, may, subject to the approval of the Governor in Council, by a resolution passed by the majority of the committee, make from time to time such regulations as may in its discretion seem desirable for the administration of the corporation and the management of the premises and property of whatever description thereof, with the exception that regulation 11 and that part of regulation 13, which relates to the chaplain, of the Regula- tions contained in the Schedule to the Ordinance shall not in any way be altered except with the consent of the Missions to Seamen in Londan.

AND WHEREAS on the 7th day of October, 1959. The Missions to Seamen in London gave their consent to the alteration of regulations 11 and 13 in manner shown in regulations 11 and 13 of the Sailors Home and Missions to Seamen Regulations, 1959.

IN WITNESS whereof The Missions to Seamen in London has caused its common seal to be hereunto affixed and Thomas Phoebus Kerfoot, Clerk in Holy Orders, the secretary thereof, has hereunto set his band the 7th day of October, 1959.

1959.

ARCHIBALD COOPER,

Director.

T. P. KERFOOT, Secretary.

Seal of

THE MISSIONS TO SEAMEN TRUST CORPORATION LIMITED

APPROVED by the Governor in Council on the 1st day of December,

COUNCIL CHAMBER,

1st December, 1959.

Livi

Clerk of Councils.

A. G.

PARKER.

H. B. L. DuWBIGGIN.

Scat of THE SAILORS" HOME AND MISSIONS TO

SEAMEN HONG KONG

(Secretariat GR12/3231/58)