BANK OF CANTON, LIMITED (CAPITAL CONVERSION) ORDINANCE, 1926

BANK OF CANTON, LIMITED (CAPITAL CONVERSION) ORDINANCE, 1926

No. 8 of 1926.

An Ordinance to authorize the Bank of Canton, Limited, to
convert its gold capital into silver.

[1st October, 1926.]

1. This Ordinance may be cited as The Bank of Canton,
Limited, (Capital Conversion) Ordinance, 1926.

2. In this Ordinance the company means The Bank of
Canton, Limited.

3. The company may at any time by special resolution
convert into silver its gold capital as existjng at the date of the
confirmation of such special resolution and such conversion shall
take effect upon such special resolution being confirmed. Any
such conversion shall be into the silver dollar currency. of the
Colony and shall be at such rate of exchange and upon such
terms and conditions as may be sanclioned by the special resolu-
tion effecting tile conversion : Provided always that no such
special resolution shall be submitted for conlirniation without tile
consent in writing of the Governor.

4. The company shall, at the sanne time as it forwards to
the Registrar of Companies a copy of the special resolution
referred to in section 3 of this Ordinance in accordance with
section 117 of the Companies Ordinance, 1932, fonvird to Iiiin
the formal consent of the Governor to such resolution.

5. Nothing in this Ordinance shall affect or be deemed to
affect the rights of His Majesty the King, His Heirs and
Successors, or the rights of any bods, politic or corporate or of
any other persons except such as are mentioned in this Ordinance
and those claiming by,, from and under them.

No. 9 of 1926, repealed by Law' Revision
Ordinance, 1939, Supp. Sched.

G.N. 537 of 1926.
[Originally No. 8 of 1926. Law Rev. Ord., 1939.] Short title. Interpretation. Power to convert gold capital into silver. Governor's consent to be filed with the Registrar of Companies. No. 39 of 1932. Saving of rights of the Crown and of certain other rights.

[Originally No. 8 of 1926. Law Rev. Ord., 1939.] Short title. Interpretation. Power to convert gold capital into silver. Governor's consent to be filed with the Registrar of Companies. No. 39 of 1932. Saving of rights of the Crown and of certain other rights.

https://oelawhk.lib.hku.hk/items/show/1594

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No. 8 of 1926

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