CO129-535-5 N.I. Brewer- transcript of trial and evidence 1-1-1929 - 31-12-1931 — Page 192

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If it had been suspected or known that your bank was not in a

very sound financial condition, the personal confidence in you you would not be sufficient to command business ? a certain amount of confidence in me even now.

There is

The Instone Banking Corporation emorandum and Articles

These are prepared by you were filed on 22nd February, 1927. the Articles and Memorandum as filed by you and they bear among

others, your signature ? (Shown to witness) Correct, (Ex. NIB 2)

You were appointed a permanent director of the Instone Banking Corporation? Yes.

You continued to act as such until the Company went into liquidation ? Correct.

You were also appointed the Company's President?

Yes.

Under the terms of an agreement dated 1st March, 1927 that is the Agreement dealing with your appointment? to witness). That is the original Agreement (Ex. NIB.3).

(Shown

The Company was incorporated on the 22nd February, 1927 ? Correct.

}

Its registered office was situated at 25, Des Voeux Road, Central ? Correct.

And on the 16th May, 1927, it received its certificate to entitling it to commence business? I believe that to be the date.

That is the certificate ? (Shown to witness). certificate.

Yes, that is the

Judge:- Do you want that put in ? Q.R.:- No, My Lord, I think not.

Judge:- Is there any deposit or security required before you could commence business ? No.

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The statutory meeting of the Company was held on 16th August, 1927. I will just read from the book "The statutory report passed unanimously by a show of hands" - These are the Minutes

As chairman, yes. of that meeting signed by you as Chairman ?

That is right? That is correct.

That is the statutory report that was filed by you and certified to by you and Chung Tat Chu who was also a director ? Mr.Chung Tat Chu only signed in conformance with the statutory report drawn by me. I am entirely responsible for the drawing up of the statutory report Mr. Chung Tat Chu only signed in conformity with requirements.

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That statutory report was presented by you for filing? (Ex.NIB 4).

Yes.

At the statutory meeting I see by the Minute book, it was proposed by Mr.Leo and seconded by Mr.Charles Mok that Mr.Li Tung be auditor ? Yes.

That resolution was passed unanimously ?

Yes.

You voted ? I did not, as chairman I did not vote.

You raised no objection ? No, I know of no objection.

3.