CO129-196 - Public Offices & Others - 1881 — Page 88

the limits

consent as

of

the Colony where they may

with such

aforesaid establish Banks, or Branch

Banks, restricting

notes

by

"general assets of the Company

85

" means the funds

available for payment of the general Creditor as

well as the note-holder.

regulating the issue of such

2. The total amount of the Bills and notes

of

the

FOREIGN

Banks established therein: and provided

also that the Shareholders of the Company shall

be subject to unlimited liability in respect of all

or any

notes and in case the

issues or issue of notes

such issues

general assets of the Company are, in the event of the Company being wound up, insufficient to satisfy

the claims of both the note holders and the general

Creditors then the shareholders of the Company after

satisfying the remaining demands of the Note-holders

shall be liable to contribute towards payment of

the debts of the general Creditors a sum

equal to

the amount received by the Note-holders out of the

general assets of the Company.

Black As

Company payable to Bearer on demand actually

in circulation shall not at

any

time exceed the

amount of the Capital of the Company actually

paid up, and there shall always be kept by the

principal (and branch establishments in each Colony,

where one or more Banks

Branch banks shall

be established) an amount of coin legally current

equal to one third at least of the notes

of

such

banks and branch banks at

any

time in circulation

and further there shall be kept at the Bank in

each place not

being

Colony where a Bank shall

be established an amount

of coin legally current equal

to one third at least of the notes of such Bank at

any

time in circulation.

For the purposes of this section, the expression

the

General

...

assets ...

the limits

consent as

of

the Colony where they may

with such

aforesaid establish Banks, or Branch

Banks, restricting

notes

by

"general assets of the Company

85

" means the funds

available for payment of the general Creditor as

well as the note-holder.

regulating the issue of such

2. The total amount of the Bills and notes

of

the

FOREIGN

Banks established therein: and provided

also that the Shareholders of the Company shall

be subject to unlimited liability in respect of all

or any

notes and in case the

issues or issue of notes

such issues

general assets of the Company are, in the event of the Company being wound up, insufficient to satisfy

the claims of both the note holders and the general

Creditors then the shareholders of the Company after

satisfying the remaining demands of the Note-holders

shall be liable to contribute towards payment of

the debts of the general Creditors a sum

equal to

the amount received by the Note-holders out of the

general assets of the Company.

Company payable to Bearer on demand actually

in circulation shall not at

any

time exceed the

amount of the Capital of the Company actually

paid up, and there shall always be kept by the

principal (and branch establishments in each Colony,

where one or more Banks

Branch banks shall

be established) an amount of coin legally current

equal to one third at least of the notes

of

such

banks and branch banks at

any

time in circulation

and further there shall be kept at the Bank in

each place not

being

Colony where a Bank shall

be established an amount

of coin legally current equal

to one third at least of the notes of such Bank at

any

time in circulation.

For the purposes of this section, the expression

the

General

assets ...

` for paragraphs. 7. Did not rephrase or rewrite the original text, only correcting unambiguous errors. 8. No translation of text was performed. 9. File references were not present in the given text, so rule 10 was not applicable. 10. Page numbering information was not detected in the given text, so rule 11 was not applicable. 11. No explanation or comments were left in the text. 12. Newspaper reordering was not necessary as the given text did not appear to be from a newspaper with column recognition issues. 13. Data in tables was not present, so rule 14 was not applicable. 14. Chinese writing direction was not relevant as the text provided was primarily in English.