6544-1907-Advertisements — Page 10

THE HONGKONG GOVERNMENT GAZETTE, MAY 17, 1907.

less to further increase such captial from time to time as is herein provided; Provided Always and it is hereby ex- pressly declared that, notwithstanding the provisions of see- tion 13 of the Principal Ordinance, nothing herein contained shall authorise or empower the Company to issue bills and notes of the Company payable to bearer on demand to au amount exceeding the sum of Ten Millious of Dollars, being the amount of the capital of the Company actually paid up on the first day of January 1997, without first depositing and at all times keeping deposited either with the Crown Agents for the Colonies in London, or at the option of the Company (to be exercised at all times) with Trustees to be appointed by the Secretary of State for the Colonies, or at the like option partly with such Crown Agents and partly with such Trustees, coin of denomina- tions to be approved by the Secretary of State for the Colonies, or securities to be so approved, or partly such coin and partly such securities to an amount equal in value to such increase of capital, such coin or securities, or such coin and securities to be held by the said Crown Agents, or by the said Trustees separately or jointly as special funds exclusively available for the redemption of such increase issue of bills and notes by the Company payable to bearer on demand, and in the event of the Company becoming in- solvent to be applied accordingly as far as may be necessary, but without prejudice to the rights of the holders of such bills and notes to rank with other creditors of the Company against the assets of the Company.

ther term of

3. The Company shall continue incorporated and shall continuance carry on the business of banking under the provisions and for the fur- conditions contained in the Principal Ordinance as hereby 21 years of amended for the further term of 21 years commencing from the Hong- and including the 14th day of August, 1998.

kong and

Shanghai

Banking

Corporation

Ordinance, 1866.

ted under

con-

4. All the provisions of section 3 of the Hongkong and Excess note Shanghai Banking Corporation Ordinance, 1899, are hereby issue permit- continued for the following further period, namely from and certain including the 14th day of August, 1908, to and including ditions. the 13th day of August, 1929; Provided nevertheless that nothing herein contained shall exempt the Company from the operation of any existing or future laws restricting or regulating the issue of bills or notes in the Colony or in any place outside the Colony where the Company has or may hereafter establish banks or branch banks.

Printed and Published by NORONHA & Co., Printers to the Hongkong Government.

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