655066-1890-Notice-Land-Investment-Bill — Page 1

THE HONGKONG GOVERNMENT GAZETTE, 15TH MARCH, 1890.

TO ALL WHOM IT MAY CONCERN,

that

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OTICE is hereby given that the Hongkong Land Investiment and Agency Company, Limited, intends at an early date to apply to the Honourable the Legislative Council of Hongkong for a Bill authorising the said Company to transact business elsewhere than in the Colony and to extend its powers of investment.

A Draft of the said intended Bill is subjoined.

Hongkong, 14th March, 1890.

1

DRAFT BILL

ENTITLED

An Ordinance enacted by the Governor of Hong-

kong, by and with the advice and consent of the Legislative Council thereof, intituled The Hongkong Land Investment and Agency Com- pany Limited Ordinance, 1890.

WHEREAS the Memorandum of Association of The Hongkong Land Investment and Agency Com- pany Limited (hereinafter called "the Company") pro- vides (inter alia) that the objects for which the Company is formed are from time to time and at any time to do, trans- act, and carry on in the Colony of Hongkong and its De- pendencies (but not elsewhere) all or any or either of the acts, deeds, matters and things therein more particularly mentioued, and section 8 of Article 86 of its existing Articles of Association specifics certain investments for its funds; And whereas it is desirable to authorise the Company to transact business elsewhere than in the Colony and to extend its powers of investment: Be it enacted by the Governor of Hongkong, by and with the advice and con- sent of the Legislative Council thereof, as follows:—

1. The Company may from time to time and at any time do, transact, and carry on as well clsewhere than in the Colony as in the Colony all or any or either of the objects mentioned in its Memorandum of Association.

2. Section 8 of Article 86 of the Company's existing Articles of Association is hereby annulled, and in lieu of the investments therein specified the funds of the Company may from time to time and at any time be invested in or upon any of the public stocks or funds or Government securities of the United Kingdom or India or the Colony or any other Colony or any Dependency of the United King- dom, or in or upon freehold, copyhold, leasehold or chattel real securities as well elsewhere than in the Colony as in the Colony, or in or upon the stocks, funds, shares, bonus, debentures, mortgages or securities of any Corporation, Company or public body, municipal, commercial or other- wise, as well elsewhere than in the Colony as in the Colo- ny, or in or upon the stocks, funds, bouds, debentures, mortgages or securities of any foreign Government, Country or State, or in or upon deposit at or loans to any bank hav- ing its head or a branch office in the Colony or in London in England. The investments hereby authorised may at any time be altered, varied or transposed.

3. This Ordinance shall not take effect unless and until it shall be made to appear to the satisfaction of the Governor that the Company in meeting has by special resolution, passed in accordance with section 50 of the Companies' Ordinance, 1865, approved of the same, such satisfaction to be evidenced by a notification or Proclamation under the hand of the Governor in the Gazette.

Power to transact bush- ness elsewhere than in the Colouy.

Investments.

Suspending

clause.