CO129-474 - Governor Sir Stubbs - 1922 [1-4] — Page 58

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Since this payment was made it has been ascertained

that, in addition to these shares, the testator was entitled to

the undermentioned parcels of shares namely:-

(1). A parcel of 767 shares in the Hongkong and Shanghai Banking Corporation, which were on the London Register of the

Corporation and the Scrip or share certificates which were,

at the date of his death, in the possession and under the control of the Corporation in London, subject to a lien or

charge in favour of the Corporation amounting to £975.58.6d.

and

(2). A parcel of 705 shares in the same Corporation which

were on the Shanghai Register of the Corporation and were at the date of his death, in the possession and under the control of the Corporation at Shanghai, subject to a lien or charge in favour of the Corporation amounting to Taels 252,412.72

(Shanghai Sycee).

"The Hongkong and hanghai Banking Corporation was incorporated in Hongkong by Ordinance No.5 of 1866 and exists and is governed by the provisions of that Ordinance and of the Deed of Settlement mentioned therein and of certain later Ordinances extending and amending the Original Ordinance of

Incorporation.

"The Head Office of the Corporation is in Hongkong, and

the business of the Corporation is managed and controlled by a Court of Directors in Hongkong. A Register of Shareholders is kept in Hongkong a seperate volume being opened and kept for Hongkong Shareholders, for English Shareholders, for Shanghai Shareholders and for Calcutta Shareholders respectively.

Separate registers have for many years past been opened and kept by the Corporation in London, at Shanghai and at Calcutta for Shareholders in England, in China, and in India respectively. It appears that so far back as the 4th November, 1865, that is some time before the date of the Ordinance of Incorporation and of the Deed of Settlement the managers and agents of the Corporation at these places were empowered by the

Court