562838-1929-Ordinance-passed-and-assented-to---Hongkong-and-Shanghai-Bank--No-6-of-1929 — Page 42

THE HONG KONG GOVERNMENT GAZETTE, MAY 17, 1929.

Subject Matter.

Bill

Ord. 2 of 1866

Ord. 2 of 1924

Remarks.

Saving of rights of

the Crown and cer- tain other rights

19

30

3

Conditions of note issue.

12 (3)

Conditions of note issue..

Right of note issue suspended if pay- ment suspended

Power to convey land

in

Mortmain

Company

12 (4)

15

to

18

231

The currencies at the different places differ and the exchange values vary. This clause is not feasible in practice.

This clause is super- fluous.

If the Bank suspend- ed payment of its note no one would accept a new issue. The clause is superfluous.

In view of the last sentence in Clause 3 this clause is super- fluous.

Notification of pur-

chase & resale of lands

19

1

Prohibition of pur-

chase of lands, etc....

20

1

Production of accounts

and statements

Provision for repeal of Ord. on happen-

24

ing of certain events.

27

In view of modern requirements this re- spective clause is im- practicable.

In view of modern requirements this re- spective clause is im- practicable.

This is covered by Regulations 153 & 154.

This is unnecessary. See Clause 17 of Bill.

Power to extend period

of incorporation

29

See Clause 3 of the Bill.