566989-1929-Supplementary-Bill-read-a-first-time---Hongkong-and-Shanghai-Bank — Page 53

Paragraph

of

Regulations.

147 (1)

148

149

150

151

152

496

Articles of Existing Deed. of Settlement.

Remarks.

AUDIT. (Continued).

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.

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

Shareholders not entitled to certain Information.

do.

Required by Bank.

1

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.

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

in-

161

Indemnity-Individual Responsibility.

Follows precedent.