1950_THE_HONGKONG_AND_SHANGHAI_BANK_REGULATIONS — Page 13

CAP. 70]

[r. 29 cont.]

Interest on unpaid calls.

Evidence in action for

call.

"Registers of shareholders.

Ord. 8/46,

s. 2, Schedule.

entries in registers;

The Hongkong and Shanghai Banking Corporation.

these regulations shall apply as if such sum, premium or instalment were a call duly made and notified as hereby provided.

30. If the sum payable in respect of any call be not paid on or before the day appointed for payment thereof, the holder for the time being of the share in respect of which the call has been made and is due shall pay interest upon the amount in arrear from the day appointed for the payment thereof to the time of the actual payment, at such rate of interest as the shareholders may by resolution determine or, failing such determination, as the board may decide.

31. At the trial or hearing of any action or other legal proceeding for the recovery of any money due for any call it shall be sufficient to prove that the name of the party sued is entered in a register as the holder, or one of the holders, of the shares in respect of which such call was made and that notice of such call was duly given and it shall not be necessary to prove any other matters of whatsoever nature, but the proof of the matters aforesaid shall be conclusive evidence of the debt.

Register of shareholders—registers as evidence.

32. (1) The board shall keep the following registers of its shareholders and shall enter therein the particulars specified in paragraph (2) of this regulation—

(a) in the Colony, a register which shall be called "the principal register";

(b) in London, a local register which shall be called "the London register".

(2) In the registers aforesaid there shall be entered the following particulars—

(a) the names and addresses, and the occupations or descriptions, if any, of the shareholders respectively entitled and requiring to be registered in one of such registers, and a statement of the shares held by each shareholder distinguishing each share by its number, and of the amount paid or agreed to be considered as paid on the shares of each shareholder;

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