CO129-218 - Administrator Marsh Governor Sir Bowen & Others - 1884 [11-12] — Page 385

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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.

For the purposes of this

Section the expression "the general

assets

of the

the company

Company "means the

funds available for payment of the

general creditor as well as the

note-holder.

It shall be lawful for any bank of issue registered

as a limited

company

to make a statement on

its notes to the effect that the

limited liability does not extend

to

to its notes, and that the members

of the company

continue liable in

respect of its notes in the same

manner

as if it had been

registered

as an unlimited company.

A copy of the Hong Kong Ordinance is left herewith.

Mr Stirling is requested

to advise on the points raised in Mr Barrington's letter.

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