566989-1929-Supplementary-Bill-read-a-first-time---Hongkong-and-Shanghai-Bank — Page 2

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(0) "Ordinary Resolution means a resolution of a simple majority of shareholders at a general meeting.

() "Persou"

poration.

includes a firm, company or cor-

(7) "Regulations " means the regulations of the

Bank for the time being in force.

(r) "Share" means share in the share capital of the

Bank.

""

(*) "Shareholder" or "holder of a share or "holder of any share" means every person whose name is entered in any register of shareholders of the Bank as a holder of any share or shares.

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() Supreme Court" means the Supreme Court of the Colony and includes any judge or judges thereof, sitting either together or separately, in court or in chambers.

3. The Bank shall continue to be and shall remain Incorpora- incorporated but there shall from henceforth be no limit tion. whatever to the duration of the period of its incorpora-

tion.

4.-(1) The regulations contained in the Schedule are New regula- hereby substituted for and shall replace the Deed of Settle- tions of the ment dated the 20th day of July, 1867, and all the articles Bank. contained therein and any amendments thereof, and shall be for all purposes the regulations of the Bank, and this Ordinance and the regulations shall be binding in all Ordinance respects upon the Bank and upon all persons whatsoever, and regula- whether shareholders or not, and shall regulate the rights tions binding and liabilities of all the above persons inter se, their heirs, on all persons. executors, administrators, assigns or successors.

(2) At any time and from time to time it shall be law- Power to ful for the shareholders by special resolution to amend the amend provisions of the regulations, or any of them, provided regulations. that no such amendment shall be valid or have any force or effect until the same shall have been approved by the Governor and published in the Gazette. Any such power to amend as aforesaid includes the power to amend, vary, rescind, revoke or suspend any regulation or any part thereof and the power to make any new regulation.

(3) A copy of the regulations and of any such special Proof of resolution to amend, purporting to be certified by the regulations. Colonial Secretary to be a correct copy, shall be received in all courts of justice, and for all purposes, as valid and sufficient evidence of the contents of the regulations and of the fact that such regulations have been duly approved and published in the Gazette.

business.

5 -(1). The objects of the Bank shall be the carrying Objects of the on the business of banking and as ancillary thereto the Bank and other businesses and objects ser forth mud contained in conduct of its regulation No. 3 of the regulations, under the management of the Directors, and the Bank shall be at liberty to cou- tinue, commence, carry on and effect all or any of its objects at any of its establishments, that is to say, at its Head Office and also at its present branches, agencies and sub-agencies and also at any additional branches, agencies and sub-agencies whether in the Colony or elsewhere which may hereafter be established with the consent of the Commissioners for the time being of His Majesty's Treasury (such consent being signified in writing under the hands of the said Commissioners or of any two of them). Provided that the business of the Bank's branches, ageu- cies and sub agencies shall conform to the laws relating to banking whether pissed before or after the date of this Ordinance in any of the territories in which the powers hereby conferred are exercised.

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