CAP. 70]
Profit and loss account and balance
sheet may be inspected by shareholders before meeting.
Copy of report and balance
sheet to be
sent to
Governor.
Profit and loss account and auditors'
report to be laid before annual general meeting.
Annual report
and balance sheet.
The Hongkong and Shanghai Banking Corporation.
139. A copy of the profit and loss account and balance sheet of the bank from time to time intended for presentation to an ordinary yearly general meeting shall be open to the inspection of shareholders at the head office at all reasonable times in the day during two days before the meeting.
140. A copy of such account and balance sheet shall, within two days next after the day of such meeting, be sent by the board to the Governor.
141. At every ordinary yearly general meeting the board shall lay before the shareholders a duly audited profit and loss account and balance sheet containing a general summary of the assets and liabilities of the bank, made up to the end of the financial year next preceding such meeting from the time when the last preceding account and balance sheet were made up, together with the auditors' report, which latter report shall be attached to the balance sheet and shall be read out at such meeting and shall contain such particulars as are set out in paragraph (2) of regulation 145.
142. Every such balance sheet shall be accompanied by the report of the board as to the state and condition of the bank, and as to the amount which the board recommends to be paid by way of dividend to the shareholders, and the amount (if any) which the board proposes to carry to reserved. The report and balance sheet shall be signed by three directors and countersigned by the chief manager and the chief accountant.
Accounts to be audited yearly.
Appointment
and
remuneration
of auditors. Ord. 8/46.
8. 2, Schedule.
Audit..
143. Once at least in every year the accounts of the bank shall be examined and the correctness of the profit and loss account and balance sheet ascertained by two or more auditors.
144. (1) The shareholders shall at each ordinary yearly general meeting appoint an auditor or auditors to hold office until the next ordinary yearly general meeting. Every retiring auditor shall, if qualified, be eligible for re-election.
394
CAP. 70]
Profit and loss account and balance
sheet may be inspected by shareholders before meeting.
Copy of report and balance
sheet to be
sent to
Governor.
Profit and loss account and auditors'
report to be laid before annual general meeting.
Annual report
and balance sheet.
The Hongkong and Shanghai Banking Corporation.
139. A copy of the profit and loss account and balance sheet of the bank from time to time intended for presenta- tion to an ordinary yearly general meeting shall be open to the inspection of shareholders at the head office at all reasonable times in the day during two days before the meeting.
140. A copy of such account and balance sheet shall, within two days next after the day of such meeting, be sent by the board to the Governor.
141. At every ordinary yearly general meeting the board shall lay before the shareholders a duly audited profit and loss account and balance sheet containing a general sum- mary of the assets and liabilities of the bank, made up to the end of the financial year next preceding such meeting from the time when the last preceding account and balance sheet were made up, together with the auditors' report, which latter report shall be attached to the balance sheet and shall be read out at such meeting and shall contain such particulars as are set out in paragraph (2) of regulation
145.
142. Every such balance sheet shall be accompanied by the report of the board as to the state and condition of the bank, and as to the amount which the board recommends to be paid by way of divided to the shareholders, and the amount (if any) which the board proposes to carry to re- served. The report and balance sheet shall be signed by three directors and countersigned by the chief manager and the chief accountant.
Accounts to be audited yearly.
Appointment
and
remuneration
of auditors. Ord. 8/46.
8. 2, Schedule.
Audit..
143. Once at least in every year the accounts of the bank shall be examined and the correctness of the profit and loss account and balance sheet ascertained by two or more auditors.
144. (1) The shareholders shall at each ordinary yearly general meeting appoint an auditor or auditors to hold office until the next ordinary yearly general meeting. Every re- tiring auditor shall, if qualified, be eligible for re-election.
394
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