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THE HONGKONG GOVERNMENT GAZETTE, 18TH AUGUST, 1866.
Rules and Regulations
are to be.
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 may 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 perform
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 that 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 Bills, provisions as to.
XII. It shall be lawful for the Company to make, issue and circulate Notes or Bills payable to Bearer on demand in Coin lawfully current in the Colony and to re-issue the same: Provided that no such Notes shall be issued for any other Sums than the Sum of Five Dollars, or some multiple of such Sum, or other equivalent amount, unless the issuing of Notes of other amounts shall be sanctioned by the Governor: Provided also that nothing herein contained shall exempt the Company from the operation of any existing or future laws of the Colony or of any Port, City, Town, or Place beyond the limits of the Colony where they may with such consent as aforesaid establish Bank or Branch Banks, restricting or regulating the issue of such Notes, by Banks established therein. And provided also that the Shareholders of the Company shall be subject to holders to be unlimited unlimited liability in respect of all or any such issues or issue of Notes, and, if necessary, the Assets of the Company shall be marshalled for the benefit of the general Creditors of the Company and the Shareholders shall be liable for the whole amount of such issue, in addition to the Sum for which they are liable under the other and general provisions of this Ordinance.
Liability of Share-
in respect of Note issue.
Limitation of Issue of Notes and provision for keeping of Reserve against them.
Limit of total Debts and Liabilities.
XIII. The total amount of the Bills and Notes of the Company payable to Bearre on demand actually in circulation shall not at any time exceed the amount of the Capital of the Company actually paid up, and there shall always be kept by the Principa Establishment in the Colony, an amount of Coin and Bullion equal to one-third least of the Notes and Bills of the Company for the time being in circulation.
nature or kind soever shall not at any time exceed the aggregate amount of the the
XIV. The total amount of the Debts and Liabilities of the Company of what existing bona fide Assets and property of the Company, and the Sum for which fo
Shareholders are liable under the provisions herein contained.
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