713501-1866-GOVERNMENT-NOTIFICATION — Page 3

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Deed of Settlement to be signed within

Companies.

THE HONGKONG GOVERNMENT GAZETTE, 28TH JULY, 1866.

one half of such further Capital, and that the same shall be made to appear to the satisfaction of the Governor to be evidenced as aforesaid.

X. Within Twelve calendar Months from the date of this Ordinance the Twelve Months, and persons who shall have subscribed for at least one half of the said Capital of Five Aled with Registrar of Millions of Dollars, shall, to the satisfaction of the Governor, to be evidenced as aforesaid, enter into and execute a Deed of Settlement (and so as each such person so executing shall hold at least five shares in the said Capital), which Deed of Settlement shall be filed with the Registrar of Companies within Twelve calendar Months from the date thereof, whereby provision shall be made for carrying on the business of the Company by a Court of Directors to be elected by the Shareholders of the Company, as by the said Deed shall be provided, and, until such election, by a Court of Directors to be named in the said Deed, and whereby provision shall also be made for the payment, by the Shareholders, of all Monies to become due in respect of the instalments on the shares taken by them, and also of such further or other Sums as are hereinafter provided, and in which said Deed of Settlement shall be contained (in addition to all such further provisions as shall be by the Governor considered necessary and usual in like cases for the management of the Affairs of the Company) provisions for effectuating the following objects, that is to say :-

Rules and Regulations

are to be.

First. For holding General Meetings of the Company once at least in every Year at

an appointed time and place.

Second. For holding extraordinary General Meetings of the Company upon the requisition of Nine or more Shareholders, holding in the whole at least Two Thousand shares in the Company.

Third. For the management of the Affairs of the Company and the election and

qualification of the Directors.

Fourth. For the retirement of at least one-fourth of the Directors of the Company

Yearly.

Fifth. For preventing the Company from purchasing any shares, or making ad-

vances of Money, or securities for Money, to any person, on the security of a. share or shares in the Company.

Sixth. For the publication, as shall be directed in the said Deed, of the Assets and Liabilities of the Company, and of the amounts of Promissory Notes in circu- lation, and of the Coin held in the Establishments of the said Company in the Colony or elsewhere.

Seventh. For the verification of such statements, and for the furnishing of such further information as the said Governor of Hongkong inay require, respect- ing the state and proceedings of the Banking Establishments of the Company in the Colony or elsewhere.

Eighth. For the Yearly Audit of the Accounts of the Company by Two or more

Auditors, not being Directors at the time.

Ninth. For the Yearly communication of the Auditors Report, and of a Balance

Sheet, and Profit and Loss Accounts to every Shareholder.

Tenth. For the appointment of Managers, or Agents, or other Officers, to perforin

the duties of Managers or Agents.

XI. The provisions of this Ordinance, and the provisions to be contained in the of the Company, what said Deed of Settlement, or in any Supplemental Deed to be made in pursuance thereof, or to be contained in any Bye-Laws to be made in pursuance of such Deeds, or any of them, shall be taken to be the existing Rules and Regulations of the Company, except so far as the same may be repugnant to the laws of the Colony, or of any Ports, Towns, Cities or places where the Company may carry on business, or to the provisions of this Ordinance. Provided nevertheless that no Bye-Law or Supplemental Deed may be made, shall have any force or effect until the same shall have been approved of by the Governor and a certificate of such approval shall have been given under the hand of the Governor.

Issue of Notes and

that

XII. It shall be lawful for the Company to make, issue and circulate Notes or Bills Bills, provisions as to.,

"payable to Bearer on demand in Coin lawfully current in the Colony and to re-issue the