1964_THE_HONGKONG_AND_SHANGHAI_BANKING_REGULATIONS — Page 11

1989 Ed.]

The Hongkong and Shanghai Bank Regulations

[CAP. 70

All

[Subsidiary]

obligations, and generally to carry on guarantee and fidelity business of all kinds, and to effect counter-guarantees;

(k) to purchase or otherwise acquire and to invest money in or to advance and lend money on the security of land or any other interest therein, buildings, crops, godowns, goods, wares, merchandise and produce, shares, securities and any other kind of real and personal property whatsoever and wheresoever; (1) generally to purchase, take on lease or in exchange, hire or otherwise acquire, and improve, manage, work, develop and exercise all rights in respect of, lease, mortgage, sell, dispose of, turn to account or otherwise deal with all or any of the assets or rights of the bank, or any real or personal property of any kind. wherever situate, and any concessions, franchises, charters, patents, monopolies, privileges or rights, whatsoever and wheresoever which the bank may think necessary or convenient for the purposes of its business or with reference to any of these objects, or the acquisition of which may seem calculated to facilitate the realization of any securities held by the bank, or to prevent or diminish any apprehended loss or liability;

(m) to enter into any arrangements with any government, state, principality, authority, or body, whether supreme, provincial, municipal, local or otherwise, or any other bank, that may seem conducive to the bank's objects or any of them, and to obtain from any such government, state, principality, authority or body or bank and thereafter to carry out, exercise, develop, and otherwise deal with and turn to account any concessions, franchises, charters, patents, monopolies, privileges or rights whatsoever and wheresoever;

(n) to receive on deposit, gratuitously or otherwise, for safe custody,

transit or otherwise, money, securities for money, documents of or relating to title to property of all kinds, bullion, jewellery, pictures, plate and other articles of value, goods, chattels, movable effects and personal property of every kind;

(o) to issue warrants, documents of title and other mercantile instruments or indicia of title or possession against deposits of all kinds made with the bank;

(p) to procure the bank to be registered or recognized in the United Kingdom or in any colony or dependency thereof, or in any British dominion or in any foreign country or state, or colony or dependency thereof, or in any protected or mandated territory, whether under British or foreign control;

(q) to obtain any charter or letters patent or any Act, Ordinance or decree of the Imperial Parliament, or of any dominion or colonial

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