THE HONGKONG GOVERNMENT GAZETTE, 29TH MARCH, 1890.
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His Excellency addressed the Council and stated that at the next meeting, the Council would be moved to vote the increased military contribution as proposed by the Secretary of State. lency further informed the Council that at the next meeting, the Council would be moved to agree to His Excel- the appointment of a Special Committee to frame New Standing Orders and Rules under the present Royal Instructions.
ADJOURNMENT.-The Council then adjourned till Wednesday, the 26th instant, at 3 P.M.
Read and confirmed, this 26th day of March, 1890.
F. A. HAZELAND,
Acting Clerk of Councils.
F. FLEMING, Administering the Government.
GOVERNMENT NOTIFICATION.-No. 130.
The following Bill, which was read a first time at a Meeting of the Legislative Council held this day, is published for general information.
Council Chamber, Hongkong, 26th March, 1890.
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.
W
HEREAS 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 mentioned, 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 elsewhere 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 aunulled, 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, bonds, 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- uy, or in or upon the stocks, funds, bonds, debentures, mortgages or securities of any foreign Government, Country or State, or in or upon deposit at or loans to any bank hay- 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 effcct 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.
F. A. HAZELAND, Acting Clerk of Councils.
Power to transact busi- ness elsewhere than in the Colony.
Luvestments.
Suspending
cause.
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