CO129-509-7 Proposed amendments to Hong Kong and Shanghai Banking Corporation 15-2-1928 - 25-9-1928 — Page 24

Copy.

Enclosure No. 2.

24

Hong Kong and Shanghai Banking Corporation.

The Honourable,

Sir,

The Colonial Secretary.

Hong Kong, 18th April, 1928.

Re Hong Kong and Shanghai Banking Corporat-

Ion's proposed New Ordinance.

As the result of a recent conference between the

Honourable Sir Henry Pollock and the Honourable the Attorney General, the Bank desires to have the following amendments made to the draft Ordinance which has already been submitted to you.

The object of such amendments is to prevent the

possibility of any doubts or questions being raised after the

passing of the new Ordinance as to the continuity of the

incorporation of the Bank as the same entity.

In the first place it is desired that the title of

the Ordinance should be amended to read as follows:- "An

Ordinance to amend the constitution of the Hong Kong and

Shanghai Banking Corporation.

#!

It is also desired that the present Section 3 of

the draft Ordinance should be deleted and that the following

clause should be inserted in its place:-

"The Bank shall continue to be and shall remain

"incorporated but there shall from henceforth be no limit

"whatever to the duration of the period of its incorporation.

The marginal note to the above clause will remain

the same.

It