51
47T 0-9
continuance
at the like option partly, with such Crown Agents and partly
with such Trustees coin of denominations to be approved by the
Secretary of State for the Colonies, or securities to be so
approved, or partly such coin and partly such securities to
an amount equal in value to such increase of capital, such
coin or securities, or such coin and securities to be held by
the said Crown Agents, or by the said Trustees separately or
jointly as special funds exclusively available for the redemption of such increase issue of bills and notes by the Company
payable to bearer on demand, and in the event of the Company
becoming insolvent to be applied accordingly as far as may be
necessary, but without prejudice to the rights of the holders
of such bills and notes to rank with other creditors of the
Company against the assets of the Company.
the further
term of 21
years of the Hongkong and
Shanghai Bank
Corporation Ordinance 66.
licence Note
issue permit
ted under certain
conditions.
Suspending
Clause.
3.
The Company shall continue incorporated and shall carry
on the business of banking under the provisions and conditions
contained in the Principal Ordinance as hereby amended for
the further term of 21 years commencing from and including
the 14th day of August 1908.
4.
All the provisions of Section 3 of the Hongkong and
Shanghai Banking Corporation Ordinance 1899 are hereby continued for the following further period, namely from and
including the 14th day of August 1908 to and including the
13th day of August 1929; Provided nevertheless that nothing
herein contained shall exempt the Company from the operation
of any existing or future laws restricting or regulating the
issue of bills or notes in the Colony or in any place outside
the Colony where the Company has or may hereafter establish
banks or branch banks.
This Ordinance shall not come into operation unless and
until the Governor notifies by Proclamation that it is His
Majesty's pleasure not to disallow the same and thereafter it
shall come into operation upon such day as the Governor shall
notify by the same or any other Proclamation.
-5-
51
47T 0-9
htinuance
at the like option partly, with such Crown Agents and partly
with such Trustees coin of denominations to be approved by the
Secretary of State for the Colonies, or securities to be so
approved, or partly such coin and partly such securities to
an amount equal in value to such increase of capital, such
coin or securities, or such coin and securities to be held by
the said Crown Agents, or by the said Trustees separately or
jointly as special funds exclusively available for the redemp-
tion of such increase issue of bills and notes by the Company
payable to bearer on demand, and in the event of the Company
becoming insolvent to be applied accordingly as far as may be
necessary, but without prejudice to the rights of the holders
of such bills and notes to rank with other creditors of the
Company against the assets of the Company.
the further
rm of 21
ars of the gkong and
nghal Bank
Corpora-
on Ordinance 66.
icess Note
sue permit
d under rtain
nditions.
spending
Lause.
3.
The Company shall continue incorporated and shall carry
on the business of banking under the provisions and conditions
contained in the Principal Ordinance as hereby amended for
the further term of 21 years commencing from and including
the 14th day of August 1908.
4.
All the provisions of Section 3 of the Hongkong and
Shanghai Banking Corporation Ordinance 1899 are hereby con-
tinued for the following further period, namely from and
including the 14th day of August 1908 to and including the
13th day of August 1929; Provided nevertheless that nothing
herein contained shall exempt the Company from the operation
of any existing or future laws restricting or regulating the
issue of bills or notes in the Colony or in any place outside
the Colony where the Company has or may hereafter establish
banks or branch banks.
This Ordinance shall not come into operation unless and
until the Governor notifies by Proclamation that it is His
Majesty's pleasure not to disallow the same and thereafter it
shall come into operation upon such day as the Governor shall
notify by the same or any other Proclamation.
-5-
No comments yet.
Private notes are available after approval.