CO129-233 - Acting Governor Cameron - 1887 [6-8] — Page 13

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

Enclosure 1.

131431

Hongkong and Shanghai

Banking Corporation

Hongkong 17th May 1887.

Six

We, the undersigned, Directors of the Hongkong and Shanghai Banking Corporation, desire to address you respecting the operation of Section 4 of the Ordinance incorporating the Bank, viz. -

Ordinance No 5 of 1866 which restricts its operations to certain places therein mentioned.

At the time when the Ordinance was passed, the increase which has taken place in the business of the Bank was not foreseen, therefore it was not contemplated to extend the operations of the Bank beyond the limits therein mentioned, and the proviso was drafted accordingly.

But the necessity for enlarging the business of the Bank was too strongly felt and Ordinance No 1 of 1872 was passed, authorizing the Bank with the consent of the Lords Commissioners

of the Treasury to establish branches,

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Enclosure 1. 131431 11 Hongkong and Shanghai Banking Corporation Hongkong 17th May 1887. Six We, the undersigned, Directors of the Hongkong and Shanghai Banking Corporation, desire to address you respecting the operation of Section 4 of the Ordinance incorporating the Bank, viz. - Ordinance No 5 of 1866 which restricts its operations to certain places therein mentioned. At the time when the Ordinance was passed, the increase which has taken place in the business of the Bank was not foreseen, therefore it was not contemplated to extend the operations of the Bank beyond the limits therein mentioned, and the proviso was drafted accordingly. But the necessity for enlarging the business of the Bank was too strongly felt and Ordinance No 1 of 1872 was passed, authorizing the Bank with the consent of the Lords Commissioners of the Treasury to establish branches, at

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Enclosure 1. 131431 11 Houskare and Shanghai Banking Arporation Hongkong 17th May 1887. Six We, the undersigned, Directors of the Houstong and Shanghai Banking Corporation), desire to address you reefecting the operation of Sechow 4 of the Ordinance incorporating the Bank, viz. - Ordinance 10 5 of 1866 which restricts its operations to certain places therei nauríð, At the time when die Ordinance was passed, the increase which has taken place in the busness of the Bauck was not foreseen, therefore it was not contamplated to othard the operations of the Bank beyoud the limite therein mentioned, and the proviso was drafted accordingly But the necessity for entalging the business of the Bank was booû felt and Ordinance No 1. of 1872 was passed, authorizing the Buck with the consent of the Lords Commissioners of the Feasury to establish braucher, at

2026-05-25 16:21:23 · Baseline

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Enclosure 1.

131431

Houskare and Shanghai

Banking Arporation

Hongkong 17th May 1887.

Six

We, the undersigned, Directors of the Houstong and Shanghai Banking Corporation), desire to address you reefecting the operation of Sechow 4 of the Ordinance incorporating the Bank, viz. -

Ordinance 10 5 of 1866 which restricts its operations to certain places therei nauríð,

At the time when die Ordinance was passed, the increase which has taken place in the busness of the Bauck was not foreseen, therefore it was not contamplated to othard the operations of the Bank beyoud the limite therein mentioned, and the proviso was drafted accordingly

But the necessity for entalging the business of the Bank was booû felt and Ordinance No 1. of 1872 was passed, authorizing the Buck with the consent of the Lords Commissioners

CO129-233 - Acting Governor Cameron - 1887 [6-8] — Page 13

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