CO129-454 - Acting Governor Claud Severn - 1919 [4-6] — Page 574

Enclosure 2.

ATTORNEY GENERAL'S CHAMBERS,

Hongkong...12th...I..n..e1919.

REPORT ON ORDINANCE No.....................................................................of 1919.

1.

I have examined the accompanying Ordinance intituled

An Ordinance to authorise the Bank of Canton Limited to

convert ita silver capital into gold,

570

and l

am

of opinion that the Ordinance is one which is not contrary to the

Governor's Instructions.

2.

The object of this Ordinance is to enable the Bank of Canton Limited to convert its silver capital into gold by a special resolu-

tion to that effect to be passed by the shareholders.

The direct-

ore consider this desirable for the following reasons: -

The Capital of the Company is $2,000,000 Hongkong Curreno and regulations as to increasing it are contained in Article 14 of the

Articles of Assdoiation.

This Capital has now been almost fully