Colonial and Foreign Banks Guarantee Corporation Act 1913
| Jurisdiction | UK Non-devolved |
| Citation | 1913 c. viii |
| Year | 1913 |
[3•
& 4
GEO.
5.] Colonial and Foreign Banks [Oh. Viii.]
Guarantee Corporation Act, 1913.
CHAPTER viii.
•
An Act to amend the Colonial and Foreign Banks
A.D.
1913.
Guarantee Fund Incorporation Act 1899 and for other
purposes. [4th July 1913.]
W
HEREAS the Colonial and Foreign Banks Guarantee
Fund (in this Act called " the Fund") was estahlished
in the year 1866 for the purpose of providing by means of
mutual co-operation amongst the persons employed in hanks
transacting business in the Colonies of the United Kingdom and
elsewhere abroad a fund to guarantee their employers against
losses arising from any act of dishonesty or fraudulent miscon-
duct on the part of the persons employed:
And whereas the management and control of the Fund
was placed in the hands of trustees for the time being and of
the officers appointed by them:
And whereas by the Colonial and Foreign Banks Guarantee
Fund Incorporation Act 1899 (in this Act called "the Act
of 1899") the trustees of the Fund were incorporated by the
name of the Colonial and Foreign Banks Guarantee Corporation
(in'this Act called "the Corporation") and the lands stocks
funds and securities and other personal estate then held by the
trustees of the Fund were transferred to and vested in the
Corporation:
And whereas the Act of 1899 provided (amongst other
things) for the management of the affairs of the Corporation by
a board of management (in this Act called " the Board") for
the constitution of a council to be elected by the members of
the Corporation (in this Act called " the representative council")
for the appropriation from the funds of the Corporation of a
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