36014-1914-Ordinance-passed-and-assented-to--Hongkong-and-Shanghai-Bank-Amendment-No-24-of-1914 — Page 2

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THE HONGKONG GOVERNMENT GAZETTE, SEPTEMBER 11, 1914.

•

Short title.

Amendment

of Ordinance No. 2 of 1866,

HONGKONG.

No. 24 OF 1914.

An Ordinance to amend the Hongkong and

Shanghai Bank Ordinance, 1866.

I assent to this Ordinance.

LS

F. H. MAX, Governor.

[11th September, 1914.]

BE it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:---

1. This Ordinance may be cited as the Hongkong and Shanghai Bank Amendment Ordinance, 1914, and shall be read and construed as one with the Hongkong and Shanghai Bank Ordinance, 1866, (hereinafter referred to as the Principal Ordinance), and the Principal Ordinance and this Ordinance may be cited together as the Hong- kong and Shanghai Bank Ordinances, 1866 and 1914.,

2. Section 20 of the Principal Ordinance is hereby of section 20 amended by the deletion of the words "to take and accept any lands, houses, or other real or personal property in satisfaction, liquidation, or payment of any debt absolutely "and bonâ fide previously due and owing to the company, "and also to take any mortgage or other lien or charge on "real or personal property as a security for any monies "actually and bonâ fide previously due to the company or "for which any person may have rendered himself liable "to the company, and to hold such lands, houses and "other real and personal property respectively for such "reasonable time as may be necessary for selling and dis-

posing of and converting the same into money

" and by

<<

to

the substitution therefor of the following words :- "take, accept, enforce, release, realise or deal with any security now held or which may hereafter be held by the company for any moneys owing or to become owing to

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"the company, or for any liabilities incurred or to be

"incurred towards or by the company by way of mortgage,

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pledge, hypothecation, deposit or otherwise howsoever of "every kind of property or rights ".

Passed the Legislative Council of Hongkong, this 10th day of September, 1914.

M. J. BREEN,

Clerk of Councils.

Assented to by His Excellency the Governor, the 11th

day of September, 1914.

CLAUD SEVERN,

Colonial Secretary.