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42
TABLE OF CORRESPONDENCE
BETWEEN
REGULATIONS AND THE EXISTING DEED OF SETTLEMENT
Paragraph
Regulations.
of
Articles of Existing Deed of Settlement.
Remarks.
Paragraph
Regulations.
of
12
Articles of Existing Deed
of Settlement.
43
-
Remarks.
CERTIFICATES FOR SHARES.-Contd.
New. Due to the Bank now having local Registers in London and Shanghai.
1
Article 1.
2
Article 6.
3
Article 12 (first 8 lines) plus modern forms in Palmer's Company Pre- cedents, which Bank requires.
No corresponding Provision.
Regulation 1 provides for the Re- gulations being construed by the law of Hongkong.
Regulation 3 has been expanded so as to meet all possible require- ments of modern banking, finance, and commerce.
13 (1) Article 30.
(2)
14
15
16 (1) Article 31.
(2) Article 32.
Usual Precedent.
4
17
Article 33.
5
I
Article 29.
Regulation 5 contains the usual pro- hibition against buying or lending on its own shares.
18
New
Places of Business.
19
6
Article 16.
Regulation 6 provides, as heretofore.
Article 72 with reduction from
4,000 to 2,000 shares.
for the Head Office being in Hong- kong.
Shareholder's Address.
7
Article 17.
8
: Article 18.
Increase of Capital.
9
(Compare Articles 20, 23, 24 and
26).
Usual Precedent.
Shares Miscellaneous Provisions.
10 (1), Articles 21 and 22.
(2) Last 6 words of Article 27.
(3)
(4) Article 60.
Usual Precedent.
(5) Articles 65 and 66.
Certificates for Shares.
"Incapacitated shareholder" is de- fined in Section 2 of the Ordinance.
11
Article 30.
20
21
22
Section 23 of English Companies Act,
1908.
Usual Precedent.
do.
In accordance with usual practice of
the Bank.
Reduction desired by Bank.
First sentence of Article 59.
Second sentence of Article 50 amended so as to limit its applica- tion to Reg. 137 and 141.
Shareholder's Change of Name or Marriage.
See note infra to Regulations 25. 26
and 27.
Accords with Bank's practice
23
24
Calls.
Usual Precedent.
do.
25
ON
26
27
Article 34 amended so as to make newpaper advertisement sufficient notice.
28
Article 35.
N.B. All the shares of the Bank are fully paid up and consequently no calls could in future become pay- able except as part of some re- organisation of the Capital of the Bank, the terms of which would be well known to shareholders.
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