1950_THE_HONGKONG_AND_SHANGHAI_BANK_REGULATIONS — Page 48

HK Historical Laws 香港歷史法例 All AI Reviewed
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The Hongkong and Shanghai Banking Corporation.

or in case of joint holders to the registered address of that one whose name stands first on the shareholders register in respect of the joint holding, and every cheque or warrant so sent shall be made payable to the order of the person to whom it is sent, and the payment of any such cheque or warrant shall operate as a good discharge to the bank in respect of the dividend represented thereby, notwithstanding that it may subsequently appear that the same was stolen or that the indorsement thereon was forged.

[CAP. 70

dividends.

135. All dividends unclaimed for one year after having Unclaimed been declared may be invested or otherwise made use of by the board for the benefit of the bank until claimed, and all dividends unclaimed for six years after having been declared may be forfeited by the board for the benefit of the bank.

Accounts.

be kept.

136. The directors shall cause true accounts to be kept Accounts to of the sums of money received and expended by the bank and of the matters in respect of which such receipt and expenditure take place, and of the assets, credits and liabilities of the bank and of all other matters necessary for showing the true state and condition of the bank.

137. The accounts of the bank shall be balanced, and the financial state of the bank shall be ascertained under the superintendence of the board, once in every year, up to the 31st day of December in every year or such other date as the board may determine, and a profit and loss account and balance sheet showing the financial state of the bank up to and on the day of such balancing shall be made.

Balance

sheets to be

prepared

every year,

loss account,

sheet and

report

138. At least two days before the ordinary yearly Profit and general meeting a printed copy of the report of the directors balance and of the profit and loss account and balance sheet as auditors' audited and of the auditors' report thereon, a copy of which shall be attached thereto, shall be sent by the board to the registered address of every shareholder who has a registered before address in the Colony.

to share-

to be sent

holders

two days

meeting.

393

il

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The Hongkong and Shanghai Banking Corporation. or in case of joint holders to the registered address of that one whose name stands first on the shareholders register in respect of the joint holding, and every cheque or warrant so sent shall be made payable to the order of the person to whom it is sent, and the payment of any such cheque or warrant shall operate as a good discharge to the bank in respect of the dividend represented thereby, notwithstanding that it may subsequently appear that the same was stolen or that the indorsement thereon was forged. [CAP. 70 dividends. 135. All dividends unclaimed for one year after having Unclaimed been declared may be invested or otherwise made use of by the board for the benefit of the bank until claimed, and all dividends unclaimed for six years after having been declared may be forfeited by the board for the benefit of the bank. Accounts. be kept. 136. The directors shall cause true accounts to be kept Accounts to of the sums of money received and expended by the bank and of the matters in respect of which such receipt and expenditure take place, and of the assets, credits and liabilities of the bank and of all other matters necessary for showing the true state and condition of the bank. 137. The accounts of the bank shall be balanced, and the financial state of the bank shall be ascertained under the superintendence of the board, once in every year, up to the 31st day of December in every year or such other date as the board may determine, and a profit and loss account and balance sheet showing the financial state of the bank up to and on the day of such balancing shall be made. Balance sheets to be prepared every year, loss account, sheet and report 138. At least two days before the ordinary yearly Profit and general meeting a printed copy of the report of the directors balance and of the profit and loss account and balance sheet as auditors' audited and of the auditors' report thereon, a copy of which shall be attached thereto, shall be sent by the board to the registered address of every shareholder who has a registered before address in the Colony. to share- to be sent holders two days meeting. 393 il
Baseline (Original)
The Hongkong and Shanghai Banking Corporation. or in case of joint holders to the registered address of that one whose name stands first on the shareholders register in respect of the joint holding, and every cheque or warrant so sent shall be made payable to the order of the person to whom it is sent, and the payment of any such cheque or warrant shall operate as a good discharge to the bank in respect of the dividend represented thereby, notwithstanding that it may subsequently appear that the same was stolen or that the indorsement thereon was forged. [CAP. 70 dividends. 135. All dividends unclaimed for one year after having Unclaimed been declared may be invested or otherwise made use of by the board for the benefit of the bank until claimed, and all dividends unclaimed for six years after having been declared may be forfeited by the board for the benefit of the bank. Accounts. be kept. 136. The directors shall cause true accounts to be kept Accounts to of the sums of money received and expended by the bank and of the matters in respect of which such receipt and expenditure take place, and of the assets, credits and liabilities of the bank and of all other matters necessary for showing the true state and condition of the bank. 137. The accounts of the bank shall be balanced, and the financial state of the bank shall be ascertained under the superintendence of the board, once in every year, up to the 31st day of December in every year or such other date as the board may determine, and a profit and loss account and balance sheet showing the financial state of the bank up to and on the day of such balancing shall be made. Balance sheets to be prepared every year, loss account, sheet and report 138. At least two days before the ordinary yearly Profit and general meeting a printed copy of the report of the directors balance and of the profit and loss account and balance sheet as auditors' audited and of the auditors' report thereon, a copy of which shall be attached thereto, shall be sent by the board to the registered address of every shareholder who has a registered before address in the Colony. to share- to be sent holders two days meeting. 393 il
2026-05-04 01:10:55 · Baseline
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The Hongkong and Shanghai Banking Corporation.

or in case of joint holders to the registered address of that one whose name stands first on the shareholders register in respect of the joint holding, and every cheque or warrant so sent shall be made payable to the order of the person to whom it is sent, and the payment of any such cheque or warrant shall operate as a good discharge to the bank in respect of the dividend represented thereby, notwithstanding that it may subsequently appear that the same was stolen or that the indorsement thereon was forged.

[CAP. 70

dividends.

135. All dividends unclaimed for one year after having Unclaimed been declared may be invested or otherwise made use of by the board for the benefit of the bank until claimed, and all dividends unclaimed for six years after having been declared may be forfeited by the board for the benefit of the bank.

Accounts.

be kept.

136. The directors shall cause true accounts to be kept Accounts to of the sums of money received and expended by the bank and of the matters in respect of which such receipt and expenditure take place, and of the assets, credits and liabilities of the bank and of all other matters necessary for showing the true state and condition of the bank.

137. The accounts of the bank shall be balanced, and the financial state of the bank shall be ascertained under the superintendence of the board, once in every year, up to the 31st day of December in every year or such other date as the board may determine, and a profit and loss account and balance sheet showing the financial state of the bank up to and on the day of such balancing shall be made.

Balance

sheets to be

prepared

every year,

loss account,

sheet and

report

138. At least two days before the ordinary yearly Profit and general meeting a printed copy of the report of the directors balance and of the profit and loss account and balance sheet as auditors' audited and of the auditors' report thereon, a copy of which shall be attached thereto, shall be sent by the board to the registered address of every shareholder who has a registered before address in the Colony.

to share-

to be sent holders

two days

meeting.

393

il

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