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1121
(m) Generally except as below mentioned, to carry on and transact every kind of guarantee business, and every kind of indemnity business, and every kind of counter guarantee and counter indemnity, business and generally every kind of insurance and reinsurance business, whether the like or of a different kind, and whether now known or hereafter devised except fire insurance business and marine insurance business.
(n) To contract with leaseholders, borrowers, lenders, annuitants and others for the estab- lishment, accumulation, provision, and payment of sinking funds, redemption funds. depreciation fund, renewal funds, endowment funds, and any other special funds. and that either in consideration of a lump sum or of an annual premium or otherwise. and generally on such terms and conditions as may be arranged.
(0) To furnish and provide deposits and guarantee funds required in relation to any tender or application for any contract. concession, decree, enactment, property or privilege or in relation to the carrying out of any contract, concession, decree or enactment. (p) To receive money. securities and valuables of all kinds on deposit at interest or for cus-
tody and generally to carry on the business of a safe deposit company.
(g) To take all such steps, and do all such things as may seem to the Company expedient. with a view to investigating the circumstances of any accident, or any alleged accident. and all material facts, and to obtaining any information or evidence which may seem to have any bearing upon any claims or demands made, or to be made, in respect of such accident, or alleged accident, and to oppose. resist, compromise or satisfy wholly or in part, any such claims or demands.
(r) To pay, satisfy, or compromise any claims made against the Company which it may be expedient to pay, satisfy or compromise notwithstanding that the same may not be valid in law.
(s) To re-issue or counter-issue any of the risks undertaken by the Company.
(t) To effect as agents for others assurances of every kind and against every and any con-
tingency.
4.4
(u) To create or set aside out of the capital or revenue of the Company, a special fund, or special funds, and to give to any class of its policy-holders, annuitants, or creditors. any preferential right over any fund or funds so created, and for such or any other purposes of the Company to place any portion of the Company's property in the names or under the control of trustees, and to give any class of insurers a right to participate in the profits of the Company or any branch of its business.
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(c) To apply out of the revenue or otherwise out of the funds of the Company in each year until the first valuation of the Company's risks any sun not exceeding the gross amount realised, irrespective of expenses, during the year, from interest on invested capital or other sources of income or profits. in or towards the payment of a dividend upon the capital called up and paid, and to spread any preliminary expenses, including such interest, over any subsequent years.
(r) To establish and carry on the business of a bank. whereof the Head Office or place of business shall be in Victoria with such branches or agencies in the Colony of Hong Kong, and its dependencies as may from time to time be determined.
(y) To carry on the business of banking in all its branches and departments, including the borrowing raising or taking up money, the lending or advancing money, securities and property, the discounting, buying selling and dealing in bills of exchange, promissory notes, coupons, drafts, bills of lading. warrants, debentures, certificates, scrip and other instruments and securities whether transferable or negotiable, or not, the grant- ing and issuing on commission, un lerwriting and dealing in stocks, funds, shares deben- tures, debenture stock, bonds, obligations securities and investments of all kinds, the negotiating of loans and advances, the receiving of money and valuables on deposit, or for safe custody, or otherwise; the collecting and transmitting money and securities, the managing of property, and transaction of all kinds of agency business commonly tran- sacted by bankers.
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(z) To purchase for investment or re-sals and to traffic in laud and houses and other property of any tenure and any interest therein and make advance pou the security of land or house or other property or any interest thereon and generally to deal in, traffic by way of sale, lease exchange or otherwise with land and house property and any other property whether real or personal.
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(aa) To take or concur in taking all such steps and proceedings as may seem best calculated to uphold and support the credit of the Company, and to obtain and justify public con- fidence, and to avert or minimise financial disturbances which might affect the Comi-
46
pany.
(bb) To carry on any other business which may seem to the Company capable of being con- veniently carried on in connection with the above or calculated directly or indirectly to enhance the value of or render profitable any of the Company's property or rights. (ce) To acquire and undertake the whole or any part of the business property and liabilities of any person or Company carrying on any business which the Company is authorised to carry on or possessed of property suitable for the purposes of the Company.
(dd) To take or otherwise acquire and hold shares in any other Company having objects al- together or in part similar to those of this Company or carrying on any business cap- able of being conducted so as directly or indirectly to benefit this Company.
(ee) To invest and deal with the moneys of the Company not immediately required in. such
mahner as may from time to time be determined.
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