4658

ROYAL GAZETTE

such debts as are in their opinion bad or doubtful ; also the surplus or profits, if any remaining, alter deduction for losses and provisions for divulends, which statement shall be signed by the Directors and attested by the Cashier; and a duplicate state- ment, so signed and attested, shall be transmitted to the Colonial Secretary of this Island, for the infor— mation ofthe Lieutenant Governor, or administrator ofthe Government for the time being, and the Legis- lature. Provided always, that the. rendering ofsuch statement shall not extend to give any right to the stockholders, not being Directors, to inspect the ac- count of any individual or individuals with the said Corporation.

XXVIII. No Loan shall be made by the said Bank on the pledge of its own stock.

XXIX. Any Joint Committee hereafter to be ap- pointed by the Honorable the Legislative Council and House of Assembly, for the purpose ofexamin- ing into the proceedings of the said Corporation, shall, either during the session or prorogation ofthe General Assembly, have free access to all the books and vaults ofthe same.

XXX. Any number of stockholders, not less than twelve, who, together, shall be proprietors of six hundred shares, shall have power at any time, by themselves or their proxies, to call a general meeting of the stockholders for purposes relating to the business ofthe said Corporation, giving at least thirty days previous notice in the Royal Gard/e news- paper, published in this Island, and specifying in such notice, the time and place of meeting, with the objects thereof; and the Directors, or any four of them, shall have the like power, at any time by observing the like formalities, to call a general meeting as aforesaid.

XXXI. On the dissolution of the said Corpora- tion, immediate and effectual measures shall be taken by the Directors then in office, for closing all the, concerns of the said Corporation,and for dividing the capital and profits which may remain among the stockholders, in proportion to their respective in- terests; and in\case any bills issued by the said Cor- poration shall remain unpaid, the holders of stock in said Corporation, as well as those who were stockholders, at the time of the notice of the said dissolution, which notice shall be published in the Royal Gazelle twelve months previous to the said Cor- poration being allowed to carry the same into effect, shall be chargeable in their private and individual capacities for the payment and redemption thereof, in proportion to the stock they respectively held or hold; subject, however, to the proviso mentioned in the nineteenth section of this Act: Provided, how- ever, that this liability shall continue for two years only from and after the notice of such dissolution.

XXXII. The aggregate of all debts due to the said Bank from the Directors thereof, as principals, endorsers, or sureties, shall not, at any time, ex- ceed twenty per centum ofthe capital stock.

XXXIII. The Cashier of the said Bank, shall semi-annually, that is to say: on the second Tues- day in February, and the second Tuesday in August, make a return in triplicate of the state of the said Bank as it existed at three o’clock, in the afternoon

ofthe said days, respectively, and shall, forthwith,

transmit the same to the Ollice of the Colonial Sec~ retary, ofthe said Island; which return shall specify the amount due from the Bank, designating in dis- tinct columns the several particulars included there~ in; and shall also specify the resources of the said Bank, dcstgnating in distinct columns the severai particulars included therein; and the said Return shall be made in the following form :

FORM OF RETURN.

State ofthe on the day of 18' 3 o’clock, p. m.

DUE FROZ‘I BANK.

Bills in circulation

Nett profits in hand

Balances due to other Banks

Cash deposited, including all sums whatever due from the Bank, not bearing interest; its Bills in circulation,—profits and balances due to other Banks excepted

Cash deposited bearing interest

Total amount due from Bank

RESOURCES OF THE BANK.

Gold, Silver and other coined metal in its Banking House

Real Estate

Bills ofother Banks incorporated in this Island

Balances due from other Banks

Amount of all debts due, including Notes, Bills of Exchange, and all stock and funded debts ofevery description, except the balances due from other Banks

Total amount ofthe resources ofthe Bank

Rate and amount of last dividend, and when de~ clared

Amount of reserved profits at the time of declaring the last dividend

Amount of debts due and not paid, and considered

doubtful, which return shall be signed by the cashier

ofthe said Bank, who shall make oath or atlirmation

before some Magistrate qualified to administer oaths

to the truth of said returns, according to the best of his knowledge and belief; and the Cashier of the

said Bank, shall also make return under oath, when~

ever required by the Legislature, of the names of the stockholders, and the amount of stock held by

each ; and a majority of the Directors of the said

Bank shall certify and make oath or allirmation

before the same Magistrate, as the said Cashier,

that the Books ofthe said Bank indicate the state of facts so returned by the Cashier, and that they have

full confidence in the truth ofthe return so made by

him; and it shall be the duty of the Colonial Secre-

tary ,annually, to lay before the Legislature of this

Island, as soon after the opening of any session

thereof as practicable, one ofsuch respective returns - as he may have received since the then last previous

sessnon.

XXXIV. The Cashier, or acting Cashier, for the time being, shall, in each and every discount day, furnish a true list to the President or Chairman of the said Bank, of all delinquent promisors, acceptors, cndorsers and sureties made up to three o’clock, on the day preceding the discount day, which list shall be called aDelinquent sheet; and it shall be the duty of the President or Chairman, on each and.