adva
calls will!
to incr
tho
did not not follo ing him
Baw to
viz., Tls, 2,500,000 Hanan-husi has
Of this
anteed th by the
B. N. Co.
TI, 1,000,000 subsor Shim on the stone
of the China Merc for the entrance.
Chinese Telegraph Administration; the retraced his steps and sh. of Directors another Tls 1,000,000, and the the German minister, rudely grabbed balance required, at present, of Tls. 500,000 the arm and d
demanded him to will be placed on the market at the various the lower exit. This Baron Treaty ports and provincial capitals in order to inted and shook the gen.
enable Chinese there to subscribe for them Keeping on in his way out,: The allotment of shares must be at
's blood was up and upon his discretion of the Board of Directors, like the legation he wrote at once to the custom prevalent in foreign commercial under demanded an apology for this, takings.s
if it was not ample and prompt he nor his legation would attend the be given on the morrow at the gli Yamen. Several so-called apologies more or less backing up the usher ermany was not represented at the ban- As late as two o'clock on Saturday, ll the invited guests had been waiting an the delinquent usher finally sent a proper but the Minister still declined to at- banquet as the apology came too late. little incident has excited considerable re and has increased the dislike already ined by the Yamen for the German although in Friday's affair he was un- / right.—Shanghai Daily Press cor-
responden
ra
AN OUTLINE OF THE CONSTI- TUTION OF THE IMPERIAL
BANK OF CHINA.
1.- The Imperial Chinese Bank of Interna tional Commerce is established by special Im- perials edict at the recommendation of the Trungli Yamên. The Throne has been asked sanction the deposit of the funds of the Imperial Exchequer in the Bank, and to allow to transmit the taxes from the provinces to Peking For this last a much lower charge will be made, without any detriment to the Bank than has been hitherto charged by native banks whose charge for trans- Government money has always been orbitant. With these privileges, especially first, the public will have proved to them that the Bank is under the special protection of the Imperial Government,
othe
7-Intending shareholders may pay either into the branch offices of the China Mercha Co. in their respective cities or those Telegraph Administration, who will grant necessary temporary receipts, or if preferred they, may transmit direct to the Head Office at Shanghai. In all cases the receipts will be temporary certificates, and regular share certificates will not be issued until all the shares shall have been fully paid up.
مة الله
|
1 suit
their own
res
will do this, but the usual
table guarantee Geotr observed
Agreements bind
tter as well as:
party
the Head Office will
18 The Manager Mr. Maitland, for be reported to the Throne, to be re- Alled positions of 8. The names of the chief officers of the Hongkong and Shangh corded in the usual way. But all business the compradore ther methods pursued by, the Bank will be entirely hsiao, member of
putation on the foreign plan, as has been the way with the of widespread bur
be selected Hongkong and Shanghai Bank, which is to be eigners on the made the model of this Bank in everything. Ina Maitland and the native staff by Mr. Ch'en
19. The interest word, the Bank is to be a commercial institution; hence there will be no official deptities (we1- those demanded on loans yuans) appointed and, in their stead, there will be similar to that of the be Directors publicly chosen and appointed; money will be lent unle there will be no Great Seal issued by the Pek-antees for repayment l The ing Board of Works, but instead its seal will be from the Ban the usual business “chop" of commercial in- when issuing tad
namely stitutions. All mandarinic etiquette and custom that observed by the will be unhesitatingly tabooed and only such in hai Bank, rogue in commercial undertakings, pure and simple, will be adhered to. “Integrity, Impar tiality, and Strict Attention to Business" will be the motto of the Bank. No favouritism er case nepotism will be permitted, as might be the if the Bank were to be conducted otherwise. The power will be in the hands of the Directors, while the profits will go to the shareholders.
9-Out of the fúnds of the Bank a fixed deposit will be placed aside, consisting of Tls. 2,000,000 or of Tls. 1,000,000 at the commence ment in proportion to the half capital first subscribed. This amount will be reported to the Throne, whenever made, in order to be placed on record.
Branch offices will be established in all the Treaty ports, provincial capitals, and als of the principal Powers of Europe and
10.-Balance sheets and statements of so- The Head Office will be at Shanghai, counts will be made semi-annually like those of high, with the branch in Peking, is to be
the early part of the spring of 1897. öther Foreign Banks. Eight per cent, interest branch offices will be established in on capital will be allowed shareholders, and the ler of necessity until all the places surplus, if any, will be divided into a bonus to ted are possessed of them. With re- the Directors and staff, and a reserve fund. the name to be observed in China. The balance, after apportioning the above, will be divided into 80 per cent. as dividends to the Bank shall be called the Imperial Chinese
f International Commerce; but in shareholders, and 20 per cent, as a royalty to 1 America it will simply bear the Government for its protection to the Bank, and for the following exclusive privileges rial Bank of China. The name in
colbage ther cities will have the name of granted, namely, issue of notes, co I city where it is situated added to money, deposit of exchequer funds, and for al name for instance, the branch at transmitting taxes from the provinces
Peking
.
be called The Peking Branch of 11 It will be left to the
Bank of International
ere are no branch offices begun business, trust hongs or banks will not Suntil such time as the l be warranted in estab. office in accordance
kwill
the
nöt.
Board of Di stors wheth Tig. 5,000,000 amount of cap
nd is to be increased further 12. The Board of Directors will bə- in umber, and if any addition is to
the addition Directors this number, men of high reput ability and solid interests in the Ba
holders. There must be at ing Directora
Strom
Head Office, who will exercise Bolive
18 As the
to the branch offices i
tes
10; 5; and 1 case may be and Shanghai Bank, differe charged on bank notes iss in circulation in the varion according to rates ruling in the of these notes will never exceed the
cash reserve in the Bank:
20 Loans issued to the provincial ties will be made at the discretion of the Bo:
of Directors in consultation with the Manager, and the consent of the Revenue must be given before suc be issued. The methods employ Hongkong and Shanghai Bank money to the Imperial Government adhered to by the Bank in the al
21 As to the coinage of subsidiary money, the Board of D deliberate over the comes, subject whose advios.
movement to
the Empire, Shanghai which
the
Phen
of HE. Sheng
be followed.
with this
ill be.
entatives from the
ancis
ngst ot
panies, telegraphs, gold and other
Moneys
kong
No comments yet.
Private notes are available after approval.