CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 53

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rt title

and struction.

ter to fur- ir increase pital under Ftain con- tione.

1. This Ordinance may be cited as the Hongkong and Shanghai

shall

Banking Corporation Ordinance 1907, (and should be read

together with and be construed as one Ordinance with the

Principal Ordinance).

2. It shall be lawful for the Company, notwithstanding any-

thing contained in Section 22 of the Principal Ordinance, or

in the Deed of Settlement therein mentioned, from time to time

to extend or increase its capital for the time being by the

creation and sale of new shares, so as the same is made with

the consent of a General (Extraordinary) Meeting of the share-

holders of the Company to be specially called for that purpose

and with the consent previously obtained of the Governor, and

under such conditions and provisions as he may think fit, Buch

consent being evidenced by a notification or proclamation to

that effect under the hand of the Governor and published in

the Gazette, and so as the total amount of the capital of the

Company shall not exceed the sum of twenty millions of Dollars;

PROVIDED that whenever and so often as any further capital is

raised then a notification or proclamation to that effect,

under the hand of the Governor, shall be published in the

Gazette, and the present capital of ten millions of Dollars,

together with such further capital shall thenceforth be taken

to be the fixed capital of the Company, but with power never-

theless to further increase such capital from time to time as

is herein provided; PROVIDED ALWAYS and it is hereby expressly

declared that, notwithstanding the provisions of Section 13

of the Principal Ordinance nothing herein contained shall

authorise or empower the Company to issue Bills and Notes of

the Company payable to bearer on demand to an amount exceed-

ing the sum of ten millions of Dollars, being the amount of

the capital of the Company actually paid up on the first day

of January 1907, without first depositing and at all times

keeping deposited either with the Crown Agents for the Colonies

in London, or at the option of the Company with Trustees to

be appointed by the Secretary of State for the Colonies, or

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