1969-HKRS30-8-59_Part03 — Page 1

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7. In Regulation 87 the words "the Chief Manager" be deleted and replaced by the words "the Chief General Manager or of a General Manager".

8. In paragraph (f) of Regulation 89 the words "other than a Subsidiary of the Bank" be inserted after the words "a body of persons" in line 5. and the words “Chief Manager" be deleted and replaced by the word “Chairman".

9. Paragraph (b) of Regulation 89 be deleted and replaced

by the following paragraph:

"(b) At the General Meeting next after he attains the age of 65 years unless special notice of a resolution proposing his re-election and stating his age is received and such resolution after notice as aforesaid is passed by the shareholders at that and every subsequent General Meeting."

10. In Regulation 91 the following words be added immedi- ately before the words "at the Ordinary Yearly General Meeting"

"In addition to any Director whose office may be vacated in accordance with the provisions of Regula- tion 89(h)".

11. In Regulation 97 the words "Chief Manager" be deleted

and replaced by the word "Chairman".

12. In paragraph (1) of Regulation 98 the words "by the Chief Manager" be deleted and replaced by the words "by the Chairman" and the words "to the Chief Manager" be deleted and replaced by the words "to the Chairman".

13. In Regulation 100 the words "and Regulation 115" be

inserted after the words "Regulation 90".

14. Regulation 102 be deleted and replaced by the following

Regulation:

"102 The Board may from time to time elect one of its members who is an Executive Director within the mean- ing of Regulation 115 to be the Chairman and may, if they think fit, from time to time elect no more than two other members to be Deputy Chairmen and may determine a period for which they are respectively to hold office."

15. Regulation 103 be deleted and replaced by the following

Regulation:

"103 The Chairman, or in his absence the Deputy Chairman first appointed, or in his absence the other Deputy Chairman, shall preside at every meeting of the Board but if all of these be absent or if there be no Chairman or Deputy Chairman, or if at any meeting the Chairman or a Deputy Chairman be not present within ten minutes after the time appointed for holding the meeting, the Directors present shall elect one of their members to be Chairman of such meeting, and the Director so elected shall preside at such meeting accordingly."

16. In Regulation 108 the words "Regulation 117" be deleted and replaced by the words "Regulation 116".

17. In paragraph (6) of Regulation 109 the words "Chicl Manager" be deleted and replaced by the words "Chair- man, Executive Directors, Chief General Manager, General Managers”.

18. In paragraph (7) of Regulation 109 the words "Chief Manager" be deleted and replaced by the words "Chief General Manager, General Managers”.

19. In paragraph (16) of Regulation 109 the words "Chief Manager" be deleted and replaced by the words "Chief General Manager, General Managers".

20. The heading "Chief Manager" immediately preceding Regulation 115 be deleted and replaced by the beading "Executive Directors. Chairman and Secretary“.

21. Regulation 115 be deleted and replaced by the following

Regulation:

"115 A Director may hold any other office or place of profit under the Bank (other than the office of Auditor) in conjunction with his office of Director for such period and on such terms (as to remuneration and otherwise) as the Directors may determine. A Director, notwith- standing his interest, may be counted in the quorum present at any meeting whereat he or any other Director is appointed to hold any such office or place of profit under the Bank or whereat the terms of any such appointment are arranged, and he may vote on any such appointment or arrangement other than his own appointment or the arrangement of the terms thereof.