Hongkong and Shanghai Bank.
published in the Gazette. Any such power to amend as aforesaid includes the power to amend, vary, rescind, revoke or suspend any regulation or any part thereof and the power to make any new regulation.
[CAP. 70
regulations.
(3) A copy of the regulations and of any such special proof of resolution to amend, purporting to be certified by the Colonial Secretary to be a correct copy, shall be received in all courts of justice, and for all purposes, as valid and sufficient evidence of the contents of the regulations and of the fact that such regulations have been duly approved and published in the Gazette.
the bank
of its
business;
5. (1) The objects of the bank shall be the carrying Objects of on the business of banking and as ancillary thereto the other and conduct businesses and objects set forth and contained in regulation 3 of the regulations, under the management of the directors, and the bank shall be at liberty to continue, commence, carry on and effect all or any of its objects at any of its establishments, that is to say, at its head office and also at its present branches, agencies and sub-agencies and also at any additional branches, agencies and sub-agencies whether in the Colony or elsewhere which may hereafter be established: Provided that the business of the bank's branches, agencies and sub-agencies shall conform to the laws relating to banking whether passed before or after the date of this Ordinance in any of the territories in which the powers hereby conferred are exercised.
Schedule.
to close estab-lishments.
(2) The bank shall have power to close any of its power establishments.
6. It shall be lawful for the bank to sell, dispose of and convert into money any real or personal property of whatever description, mortgaged, charged, pledged or hypothecated to the bank or taken by it in satisfaction, liquidation or payment of any debt or liability.
Power to convert property taken as
sell and
security.
capital;
increase of
7. The capital of the bank is twenty million dollars, Present divided into one hundred and sixty thousand shares of one hundred and twenty-five dollars each, all of which are fully capital.
The paid up at the commencement of this Ordinance. capital may, with the consent of the Governor previously
467
Hongkong and Shanghai Bank.
published in the Gazette. Any such power to amend as aforesaid includes the power to amend, vary, rescind, revoke or suspend any regulation or any part thereof and the power to make any new regulation.
[CAP. 70
regulations.
(3) A copy of the regulations and of any such special proof of resolution to amend, purporting to be certified by the Colonial Secretary to be a correct copy, shall be received in all courts of justice, and for all purposes, as valid and sufficient evidence of the contents of the regulations and of the fact that such regulations have been duly approved and published in the Gazette.
the bank
of its
business;
5. (1) The objects of the bank shall be the carrying Objects of on the business of banking and as ancillary thereto the other and conduct businesses and objects set forth and contained in regulation 3 of the regulations, under the management of the directors, and the bank shall be at liberty to continue, commence, carry on and effect all or any of its objects at any of its establishments, that is to say, at its head office and also at its present branches, agencies and sub-agencies and also at any additional branches, agencies and sub-agencies whether in the Colony or elsewhere which may hereafter be established: Provided that the business of the bank's 37 of 1950, branches, agencies and sub-agencies shall conform to the laws relating to banking whether passed before or after the date of this Ordinance in any of the territories in which the powers hereby conferred are exercised.
Schedule.
to close estab- lishments.
(2) The bank shall have power to close any of its power establishments.
6. It shall be lawful for the bank to sell, dispose of and convert into money any real or personal property of whatever description, mortgaged, charged, pledged or hypothecated to the bank or taken by it in satisfaction, liquidation or payment of any debt or liability.
Power to convert property taken as
sell and
security.
capital;
increase of
7. The capital of the bank is twenty million dollars, Present divided into one hundred and sixty thousand shares of one hundred and twenty-five dollars each, all of which are fully capital.
The paid up at the commencement of this Ordinance. capital may, with the consent of the Governor previously
467
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