1964_THE_HONGKONG_AND_SHANGHAI_BANKING_REGULATIONS — Page 58

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A 58

CAP. 70]

The Hongkong and Shanghai Bank Regulations

[1989 Ed.

[Subsidiary]

134. Payment by post

Unless otherwise directed by the board any dividend may be paid by cheque or warrant sent through the post to the registered address of the shareholder entitled, 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 or to any person at such address as the shareholder or joint holders may in writing direct, and every cheque or warrant so sent shall be made payable to the order of the shareholder or joint holders, 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.

(L.N. 157 of 1987)

135. Unclaimed dividends

All dividends unclaimed for one year after having 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

136. Accounts to be kept

The directors shall cause true accounts to be kept 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. Balance sheets to be prepared every year

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 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.

138. Profit and loss account, balance sheet and auditors' report to be sent to shareholders twenty-one days before meeting

At least twenty-one days before the annual general meeting a printed copy of the report of the directors and of the profit and loss account and balance sheet shall be sent to shareholders.

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2026-05-05 14:40:43 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
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A 58CAP. 70]The Hongkong and Shanghai Bank Regulations[1989 Ed.[Subsidiary]134. Payment by postUnless otherwise directed by the board any dividend may be paid by cheque or warrant sent through the post to the registered address of the shareholder entitled, 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 or to any person at such address as the shareholder or joint holders may in writing direct, and every cheque or warrant so sent shall be made payable to the order of the shareholder or joint holders, 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.(L.N. 157 of 1987)135. Unclaimed dividendsAll dividends unclaimed for one year after having 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.Accounts136. Accounts to be keptThe directors shall cause true accounts to be kept 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. Balance sheets to be prepared every yearThe 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 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.138. Profit and loss account, balance sheet and auditors' report to be sent to shareholders twenty-one days before meetingAt least twenty-one days before the annual general meeting a printed copy of the report of the directors and of the profit and loss account and balance sheet shall be sent to shareholders.
Baseline (Original)
A 58CAP. 70]The Hongkong and Shanghai Bank Regulations[1989 Ed.[Subsidiary]134. Payment by postUnless otherwise directed by the board any dividend may be paid by cheque or warrant sent through the post to the registered address of the shareholder entitled, 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 or to any person at such address as the shareholder or joint holders may in writing direct, and every cheque or warrant so sent shall be made payable to the order of the shareholder or joint holders, 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.(L.N. 157 of 1987)135. Unclaimed dividendsAll dividends unclaimed for one year after having 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.Accounts136. Accounts to be keptThe directors shall cause true accounts to be kept 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. Balance sheets to be prepared every yearThe 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 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.138. Profit and loss account, balance sheet and auditors' report to be sent to shareholders twenty-one days before meetingAt least twenty-one days before the annual general meeting a printed copy of the report of the directors and of the profit and loss account and balance }
2026-05-05 14:40:43 · Baseline
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A 58

CAP. 70]

The Hongkong and Shanghai Bank Regulations

[1989 Ed.

[Subsidiary]

134. Payment by post

Unless otherwise directed by the board any dividend may be paid by cheque or warrant sent through the post to the registered address of the shareholder entitled, 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 or to any person at such address as the shareholder or joint holders may in writing direct, and every cheque or warrant so sent shall be made payable to the order of the shareholder or joint holders, 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.

(L.N. 157 of 1987)

135.

Unclaimed dividends

All dividends unclaimed for one year after having 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

136.

Accounts to be kept

The directors shall cause true accounts to be kept 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.

Balance sheets to be prepared every year

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 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.

138. Profit and loss account, balance sheet and

auditors' report to be sent to shareholders twenty-one days before meeting

At least twenty-one days before the annual general meeting a printed copy of the report of the directors and of the profit and loss account and balance

}

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