C
3. C
قارب
1
200ta conÌIQUE C...
JAD
GO OJ
@ SeditOASTAL
SMORE OR HI
9
Locja opoint nt te
291/7.Boh to do.
DOBOK 2ct you t
TO
9
DAL
HOL
Da notatUVIOD KRAN
#DÍJÍYJOSH gnize her to @roblon
to all end qu beat. I s. On bu duo Toskali
'
V
to one to sass.a
to o de Ingeman wift To
11.
327
OF
Bu.Izoe..i co... 44
10 SAP ** a‡a“.
@SOCK 03.
VIWY..
·zovia b391758/1
Converted securities to be cancelled.
rustees to apportion mount of sinking fund released by
conversion.
(a) When securities exchanged for
inscribed stock bear a rate of interest not less
than the inscribed stock, an additional amount of
inscribed stock may be created and issued to
make up the difference in saleable value
between the securities and the inscribed stock.
(b) In the case of the conversion of securi-
ties into inscribed stock, the Crown Agents shall
issue such an amount of inscribed stock as may
be required to defray the stamp duties and all
other expenses incidental to the conversion.
(0) In accordance with such terms and
conditions as may be prescribed under section
31 (a) of this Ordinance.
33. The securities exchanged or otherwise
converted into inscribed stock under the
provisions of this Ordinance shall be forthwith
concelled by the Crown Agents, and the debentures
surrendered shall be cancelled and transmitted
to the Governor of Hong Kong.
34. The trustees of the sinking fund
appointed under this Ordinance, and acting under
any Ordinance authorising the issue of any
securities which may be exchanged into inscribed
stock or cancelled or purchased under the
provisions of this Crdinance, shall determine
what amount of the sinking fund held by them
and created for repayment of such securities
shall be released, and in the determination of
such question the trustees shall take into
consideration the value of the whole investments
held by them on account of such sinking funds,
the amount of the debt remaining a charge on
m
2.)
No comments yet.
Private notes are available after approval.