CO129-481 - Governor Sir Stubbs - 1923 [8-12] — Page 11

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12.

Sub-section (5) of section 5 gives the corporation power

to transfer the trust property to any other person upon such

trusts as may be approved by the Governor in Council. It is

hoped that under this sub-section the corporation may even-

tually dispose of all the German mission property by transfer-

ring it to other bodies or trustees who will carry on particu-

lar parts of the former German mision work. Tor example, a

chapel might be assigned to trustees for the Chinese congregae

tion, should that congregation show itself capable of self-

Again, the Industrial Institute for the Blind

government.

at Kowloon City might be assigned to trustees for the Church

Missionary Society, by whom the Institute is now being managed

and by whom it will probably continue to be managed.

13.

Sub-section (6) of section 5 gives to the corporation

absolute discretion in detrmining the manner in which the

trusts of the German mission property are to be carried out.

This power may appear wide, but the considerations referred

to in paragraph 8 above seem to make it unavoidable.

14.

Section 6 gives the Governor power to give certain direc-

tions to the corporation.

15. Section 7 deals with the execution of instruments on be-

half of the corporation.

16.

Section 8 provides that any act done or instrument execu-

ted by three of the members of the corporation shall not be

questioned on certain specified grounds.

17.

Section 9 is intended to relieve individual members of

the corporation from liability upon judgment against the cor-

poration.