CO129-503-5 Hong Kong and Shanghai Bank Ordinance- 1927 3-12-1926 - 31-12-1927 — Page 56

66

Subject Matter.

Bill.

Ord. 2 of 1866

Ord. 2 of 1924

Remarks:

Saving of rights of

the Crown and cer-

tain other rights

19

30

Conditions of note issue.

12 (3)

Conditions of note issue.

12 (4)

Right of note issue

suspended if pay-

ment suspended

15

Power to convey land in Mortmain to Company

Notification of pur- chase & resale of

lands

:

18

19

Prohibition of pur-

chase of lands, etc.

20

Production of accounts

and statements

Provision for repeal

24

of Ord. on happen- ing of certain events.

27

Power to extend period

of incorporation

29

3

The currencies at the different places differ and the exchange values vary. This clause is not feasible in practice.

This clause is super- fluous.

:

If the Bank suspend- ed payment of its note no one would accept a new issue. The clause is superfluous.

In view of the last sentence in Clause 3 this clause is super- fluous.

In view of modern requirements this re- spective clause is im- practicable.

In view of modern requirements this re- spective clause is im- practicable.

This is covered by Regulations 153 & 154.

This is unnecessary. See Clause 17 of Bill.

See Clause 3 of the

Bill.