564020-1929-Ordinances-passed-and-assented-to---Stamp-Amendmnet--No-26-of-1929-JusuiT-Order-Incorporation-Amendment--No-28-of-1929-Jesuit-Order-Incorporation-Amendmnet-No-28-of-1929 — Page 3

630 THE HONG KONG GOVERNMENT GAZETTE, DECEMBER 6, 1929.

Insertion of new s. 264

in Ordinance No. S of 1921.

Insertion of new

Heading No. 5A in Ordinance

No. 8 of 1921,

Schedule.

6. The following section is inserted in the Stamp Ordi- nance. 1921, immediately after section 26 thereof :-

l'assing on of dividends prohibited.

26A.--(1) No person shall be entitled to elain, directly or indirectly, the payment of any dividend, or of the amount or value of any dividend, on any share on a share register which is hy nw required to be kept within the Colony, unless (a) such person is the registered owner of the share in question at the time of such claim, or (b) such person was the regis- tered owner of the share in question at some date subsequent to the declaration of the divid- end in question, or () such person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust, or (d) such person has bond fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend,

(2) No person shall, orally or in writing demand or request, or accept, directly or in- directly, payment of any dividend, or of the amount or value of any dividend, which under the provisions of sub-section (1) he is not entitled to claim.

(3) No person shall, directly or indirectly, pay any dividend, or the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony, to any other person unless (7) such other person is the registered owner of the share in question, or (b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question, or (c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust, or (d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend.

(4) For the purposes of this section, notwith- standing any declaration of trust or agreement whatsoever, no unregistered beneficial owner of any share shall be deemed to be entitled as a cestui que trust to be paid any dividend on such share by any previous beneficial owner of such share,

(5) Every person who contravenes any of the provisions of this section shall upon sum- mary conviction be liable to a fine not exceed- ing one thousand dollars or not exceeding the total amount of the dividend in question, which- ever limit be the greater.

7. The following heading is inserted in the Schedule to the Stamp Ordinance, 1921, immediately after Heading

No. 5 : —

5A. | Apprentice- $1. over- 7 days after

ship, instru-

ment of.

embossed.

execution.

The person to

whom the ap- prentice be- comes bound.

Amendment

8. Heading No. 16 in the Schedule to the Stamp Ordi- of Ordinance Pance, 1921, is amended by the addition of the following No. 8 of 1921, words immediately after the word "settlement. in the

Schedule,

Heading

No. 16.

second column thereof :-

", including any acknowledgment in writing, by recital or otherwise, of a trust, not being a