CO129-509-7 Proposed amendments to Hong Kong and Shanghai Banking Corporation 15-2-1928 - 25-9-1928 — Page 8

8

of the Statute Law

Revision of H.K.

in 1924.

I am, etc..

(Signed) WALTER D. ELLIS

>

Pa

Pa

Mr. Cainely Mr. Ellis

Mr.

Mr. Bottomley.

Sir E. Harding.

1419

Sir J. Shuckburgh.

Sir G. Grindle.

Xsi

Sir C. Davis.

Sir S. Wilson.

Mr. Ormsby-Gore.

Lord Lovat.

Mr. Amery.

14 alone

DRAFT.Tel.

Conson

Govr., Hong Kong.

2 dfts.

(20)

16329/21

Copies to Treasury and B/

withchuak

26.

Fif

llle

Caded rout The 14419

ہیں

52801/28.

H.K.

24

9

Your telegram 29th of August

Hong Kong and Shanghai Bank Ordinance.

I now sanction the introduction of

in

in the amended from conlueried is yours & foly

Ordinance subject to the following:-

(1) Although I agree to

incorporation being made perpetual

would be desirable that the privilege

of note issue should not be extended

beyond the year 1939 when the privileges

granted to the Chartered Bank of India

expire. See correspondence ending with

my despatch No.106 of the 18th of

April 1921.

(2)

Approval of the Ordinance is

conditional on the corporation giving an

undertaking that no amalgamation scheme

including purchase of sheres or any

joint

e9

e9

P

10

or

joint working

profit sharing

arrangement to which it may be a party

will be carried out without prior

approval of the Treasury and the B/T.

P

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