CO129-567-10 Companies Amendment Ordinance- draft bill 15-9-1938 - 28-9-1938 — Page 256

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said capital shall be converted into Hong Kong currency at the Hong Kong and Shanghai Banking Corporation's opening selling rate on the day of payment and the fee shall be paid in Hong Kong currency on the sum so calculated.

(7) If the fee payable under sub-section (3) is paid to the registrar of companies in Shanghai and the paid up capital of the company is not in Shanghai currency the said capital shall be converted into Shanghai currency at the Hong Kong and Shanghai Banking Corporation's opening selling rate on the day of payment and the fee shall be paid in Shanghai currency on the sum so calculated.

of Ordin-

9. Regulation 68 of Table A in the First Schedule to Amendment the Companies Ordinance, 1932, is amended by the substitu- ance No. 39 tion of the words "rotation of retirement" for the words of 1932, "rotation or retirement".

10. This Ordinance shall come into operation on first day of January, 1934.

First Schedule Reg. 68.

the Commence-

Passed the Legislative Council of Hong Kong, this 21st day of December, 1933.

ment.

316

H. R. BUTTERS,

Deputy Clerk of Councils.