1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 9
[Subsidiary]
*
bills of exchange, promissory notes, coupons, comprador orders, native bank orders, drafts, bills of lading, warrants, bonds, debentures, certificates, scrip and other instruments and securities whether transferable or negotiable or not; the granting and issuing of letters of credit and circular notes; the buying, selling and dealing in bullion, specie and coins; the negotiating of loans and advances; the collecting and transmitting of money and securities; the managing of property; and the transacting of all kinds of agency business commonly transacted by bankers; (b) to take, accept, enforce, release, realize or deal with any security now held or which may hereafter be held by the bank for any moneys owing or to become owing to the bank, or for any liabilities incurred or to be incurred towards or by the bank by way of mortgage, pledge, hypothecation, deposit or otherwise howsoever of every kind of property or rights;
(c) to carry on the business of a savings bank in all branches of such business;
(d) to acquire by purchase or otherwise, or otherwise to participate in, deal in and turn to account, the business of any mercantile, trading or banking concern or any other business of whatsoever nature and any part of the real and personal property belonging to any such concern in connection with the business operations carried on by such concern;
(e) to establish, carry on, undertake, finance or otherwise deal with and turn to account any business, undertaking, transaction or operation commonly carried on or undertaken by bankers, discounters, bill brokers, bullion brokers or exchange brokers; (f) to hold, improve, undertake, realize and deal with as may seem expedient any business or property which the bank may become entitled to by foreclosure or otherwise, and for the purpose of better realizing or dealing with any security to purchase the equity of redemption of or any share or other interest of whatsoever nature in any property upon or in connection with which the bank has or may have any charge or lien;
(g) to issue on commission, underwrite or otherwise subscribe conditionally or unconditionally for, take, acquire, hold, sell, exchange and otherwise deal in shares, stocks, funds, debentures, debenture stock, bonds, mortgages, obligations, options, option certificates, Treasury bills, or securities of any government, state, principality, authority, or body, whether supreme, provincial, municipal, local or otherwise, or of any corporation, company, association, syndicate, firm or person; and to give any guarantee for the payment of money or the performance of any obligation
1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 9
[Subsidiary]
*
bills of exchange, promissory notes, coupons, comprador orders, native bank orders, drafts, bills of lading, warrants, bonds, debentures, certificates, scrip and other instruments and securities whether transferable or negotiable or not; the granting and issuing of letters of credit and circular notes; the buying, selling and dealing in bullion, specie and coins; the negotiating of loans and advances; the collecting and transmitting of money and securities; the managing of property; and the transacting of all kinds of agency business commonly transacted by bankers; (b) to take, accept, enforce, release, realize or deal with any security now held or which may hereafter be held by the bank for any moneys owing or to become owing to the bank, or for any liabilities incurred or to be incurred towards or by the bank by way of mortgage, pledge, hypothecation, deposit or otherwise howsoever of every kind of property or rights;
(c) to carry on the business of a savings bank in all branches of such
business;
(d) to acquire by purchase or otherwise, or otherwise to participate in, deal in and turn to account, the business of any mercantile, trading or banking concern or any other business of whatsoever nature and any part of the real and personal property belonging to any such concern in connection with the business operations carried on by such concern;
(e) to establish, carry on, undertake, finance or otherwise deal with and turn to account any business, undertaking, transaction or operation commonly carried on or undertaken by bankers, discounters, bill brokers, bullion brokers or exchange brokers; (f) to hold, improve, undertake, realize and deal with as may seem expedient any business or property which the bank may become entitled to by foreclosure or otherwise, and for the purpose of better realizing or dealing with any security to purchase the equity of redemption of or any share or other interest of whatsoever nature in any property upon or in connection with which the bank has or may have any charge or lien;
(g) to issue on commission, underwrite or otherwise subscribe conditionally or unconditionally for, take, acquire, hold, sell, exchange and otherwise deal in shares, stocks, funds, debentures, debenture stock, bonds, mortgages, obligations, options, option certificates, Treasury bills, or securities of any government, state, principality, authority, or body, whether supreme, provincial, municipal, local or otherwise, or of any corporation, company, association, syndicate, firm or person; and to give any guarantee for the payment of money or the performance of any obligation
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