CO129-411 - Governor Sir May - 1914 [5-7] — Page 257

Enclosure 2

254

MIA A

botine

draf fagnask bra grofyrok aft brems of soneribт0 nå

!iw goodanok to TocTovoð erit yd betɔsue #1 sa

[1pmroð svitsfaiyel sɗt to treanos bræ sotyba eďt :swo[[o] as tostert

bite anodano” eft as hotlo að yan sonsnibro mifT

bsor ad Ilaga bus ‚èili sonanibrü İnombremA ineƐ LaHÍN (LAHİP Yned latynerik has ghodanok acid dikw sao sa bentanos bra Jaqtonir¶ ent as of berretør rettadleven) 8881 sonantbr0 consnib10 BIɗt bns sonantbro Laqtoqtr¶ add bus (sonantb40 dnad karignadƐ bne anoïgno” aft es redtaget botto of yAM .k[91 bna 8881 asomaOTĚBTÖ

-brons ydersɗ al comentbr0 Isqtont¶¶ adt te 06 noltoet

wolf £7£J**

to tremb n76-7 to os motog

"as tqeons has exat ot" abrow edit to naitalab eft yď be 2.0% amantby

nt vtroqong Lanouteq ro Iser tento no paeqvod „ebnel” atusseds tɗch vns to trenzaq to,noltablupii,nottontaktau" Uuqrbo and at gatwo bra sih yiavotvorq ebit snad bne yI" no egrado to mel·l resto no agayfront vos siad of oals bus* selnom the Tot viruses a da yiroqorq Isnoaraq to Issy" 10 “Os eft of sub ziemotvang obit anoď bna YIIKOTɔs" of oldali tisamin boyobne" ova“ Tam mortoq yas coldw TɔT" fsom reddo bra avaliadabral down bloc! od bra,ynsquoo edƒ® oldanonser done tot vlevitosquer ytreqorq Isroateq_brs" bne to entaoqath bna gntiisa 101 visaacson eď yan na omit” zoltrditedua arit vð bra "genoa otat emsa art anttravnoo" ‚†goose ‚sist of" -tabrow gatwolfot end to toleredt

won ydinpoen van die kw faob to ozliØST

C

yne tot ensquoo erið yď bien ed rattaatan yan dɔtɔw to bleri" VIS TOT 10 Vasquos adt of anźwo omdgaf of no gutwo azonom

and vď to abiswot berroni sɗ ot to beTwonk settELISBIL" tinoqsh,coktnoedtoqui,onboiq onandrom to Lew yɗ visquoɔ' atmir zo vtraqorq to biti vrava to zovoogwor salwvorto 10"

OBJECTS & REASONS.

The object of this Bill is to amend Section 20 of the Hongkong and Shanghai Bank Ordinance, 1866, so as to enable the Hongkong and Shanghai Banking Corporation generally to take security from its customers for any moneys owing or to become owing to the Corporation, and for any liabilities incurred or to be incurred towards the Corporation and to deal with any

securities so taken.

This amendment is considered desirable in order to

bring the powers of the Corporation clearly into line with modern banking practice as the wording of the existing section is not entirely free from ambiguity.

The Court of Directors have been duly authorised on

behalf of the Corporation to apply for and accept a supplemental Ordinance in the form of this Bill under article 96 of the Deed

of Settlement of the Corporation.

8d.

J. K. Kemp

Attorney General

15th May, 1914.