CO129-124 - Sir MacDonnell - 1867 [8-9] — Page 7

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

Series Prev Next

total sum under discount by the Bank can only be interpreted

a permission to give accommodation

الم تعلم

to that amount.

Probably

at this moment

the Hong Kong and Shanghai

Bank have under discount about Thirteen Millions of Dollars and

under the above section it would

be possible for three Directors to

obtain accommodation each to

the amount of considerably more than Four Millions.

9. I confess I was so much struck with this latitude of accommodation secured to the

Directors by Ordinance that I was

anxious to curtail it by some

provision in the deed of settlement,

especially as many recent cases

showed how unsafe it is to entrust Directors with such extraordinary powers.

10. I found however on inquiry that the same provision existed

in so many other Bank Charters that I should be making an invidious distinction and one moreover adopted too late, as if made at all it should have been

done at the time when the Ordinance incorporating the Bank was before the Legislative Council.

Edit History

2026-05-19 19:58:23 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

Live

View comparison

AI Proofread

5 total sum under discount by the Bank can only be interpreted a permission to give accommodation الم تعلم to that amount. Probably at this moment the Hong Kong and Shanghai Bank have under discount about Thirteen Millions of Dollars and under the above section it would be possible for three Directors to obtain accommodation each to the amount of considerably more than Four Millions. 9. I confess I was so much struck with this latitude of accommodation secured to the Directors by Ordinance that I was anxious to curtail it by some provision in the deed of settlement, especially as many recent cases showed how unsafe it is to entrust Directors with such extraordinary powers. 10. I found however on inquiry that the same provision existed in so many other Bank Charters that I should be making an invidious distinction and one moreover adopted too late, as if made at all it should have been done at the time when the Ordinance incorporating the Bank was before the Legislative Council.

Baseline (Original)

5 total sum under discount by the Bank can only be interpreted a permission to give accommodat الم تعلم to that amount. Trobably at this moment the Hong Kong arid Shanghai Bank have under discount about Thirteen Millions of Collars and under the above section it would: be possible for three Directors to obtain accommodation each to the amount of considerably. than Four Millions. more 9. Dconfess Irvos so much- Struck with this latitude of m accommodation Secured to the Directors by Ordinance that I was anxious to curtail it by some ~ provision in the Beed of settlement especially as many recent cases many reant. Shewed how unsafe it is to entrust Directors with such extraordinary. powers. in 10. Ifound however on inquiry that the same provision existed so many other Bank Charters that I should be marking. invidious distinction and one moreover adopted too late, as if made at all it should hawe been done at the time when the Ordinance incorporating the Bank was before the Legistative Conneil.

2026-05-19 19:58:23 · Baseline

View content

total sum under discount by the Bank can only be interpreted

a permission to give accommodat

الم تعلم

to that amount.

Trobably

at this moment

the Hong Kong arid Shanghai

Bank have under discount about Thirteen Millions of Collars and

under the above section it would:

be possible for three Directors to

obtain accommodation each to

the amount of considerably. than Four Millions.

9. Dconfess Irvos so much- Struck with this latitude of m accommodation Secured to the

Directors by Ordinance that I was

anxious to curtail it by some ~

provision in the Beed of settlement

especially as many

recent cases

many reant.

Shewed how unsafe it is to entrust Directors with such extraordinary. powers.

10. Ifound however on inquiry that the same provision existed

so many other Bank Charters that I should be marking. invidious distinction and one moreover adopted too late, as if made at all it should hawe been

done at the time when the Ordinance incorporating the Bank was before the Legistative Conneil.

CO129-124 - Sir MacDonnell - 1867 [8-9] — Page 7

Edit History

Comments

Private Research Note