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upon the mortgages, debentures, stocks, funds, shares or securities of any government, municipality, corporation or company, and also to purchase, acquire and possess vessels, goods and chattels of what nature and kind soever.
(2) Notwithstanding the provisions of sub-section (1), the Corporation shall not acquire any immovable property in the Colony unless it shall have previously obtained the special consent of the Governor-in-Council in each case.
(3) The Corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender, ex- change, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, mes- suages, tenements, mortgages, debentures, stocks, funds, shares or securities, vessels, goods or chattels, which are for the time being vested in or belonging to the Corporation, upon such terms as to the Corporation may seem fit.
10. All deeds and other instruments requiring the seal Sealing of of the Corporation shall be sealed in the presence of and shall deeds, etc. be signed by two members of the General Committee for the time being and the Secretary for the time being and all instruments requiring the signature of the Corporation shall be signed by such committeemen and Secretary.
the Crown
11. Nothing in this Ordinance shall affect or be deemed Saving of to affect the rights of His Majesty the King, His Heirs or rights of Successors, or the rights of any body politic or corporate or and of of any other person except such as are mentioned in this certain other Ordinance and those claiming by, from or under them.
persons.
Objects and Reasons.
1. As a result of the increase in the number of His Majesty's Naval and Military Forces in Hong Kong in 1927 the Young Men's Christian Association of Hong Kong was requested by its Head Office in London to provide additional facilities for the entertainment and recreation of His Majesty's Forces in the Colony of Hong Kong.
2. As a result of such request the Young Men's Christian Association of Hong Kong with the help of a Committee of local ladies issued an appeal for funds with the result that premises were obtained for the purpose of providing recrea- tional facilities for His Majesty's Forces.
3. The original Committee consisted of three Directors of the Young Men's Christian Association and three other members appointed by the General Public of Hong Kong assisted by a Ladies' Advisory Committee.
4. The premises first obtained were at the corner of Queen's Building in the premises formerly occupied by the Banque Franco Chinoise. Later the City Hall Committee granted accommodation in the City Hall and from that date until the City Hall was condemned as unsafe, facilities for dancing, writing, whist drives and other amusements were carried on under the name of the Cheero Club and proved of the greatest service in providing recreation of the above description for members of His Majesty's Forces.
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