562838-1929-Ordinance-passed-and-assented-to---Hongkong-and-Shanghai-Bank--No-6-of-1929 — Page 52

THE HONG KONG GOVERNMENT GAZETTE, MAY 17, 1929.

Paragraph

of Regulations.

Articles of Existing Deed of Settlement.

AUDIT. (Continued).

147 (1)

148

149

150

151

152

Article 170, with the addition of words required by Bank for re- moval of Auditor by the Board, subject to approval of the Gov-

ernor.

Yearly Statements.

153

Article 174.

154

Article 175.

Notice.

155

156

157

158

159

160

Remarks.

241

Taken from Sec. 112 of the Com- panies Act, 1908 with an addition to 147 (1) which is taken from Article 169.

Taken from Sec. 113 of the Com-

panies Act, 1908.

Desired by Bank.

do.

Required by Bank.

The Bank prefers, for convenience of proof, to make advertisement a sufficient test of notice.

See note to Regs 25-27

Usual practice.

Desired by Bank.

do.

Usual Precedent.

Shareholders not entitled to certain Information.

Clause required by Bank to prevent shareholder competitors from ac- quiring certain confidential in- formation.

161

Indemnity-Individual Responsibility.

Follows precedent.