Hambros Bank Act 1970
| Jurisdiction | UK Non-devolved |
| Citation | 1970 c. xxvi |
Hambros Bank
Act
1970
c. xxvi 1
ELIZABETH H
1970 CHAPTER xxvi
An Act to provide for the transfer to Hambros Limited
of the banking business of Hambros Bank, Limited;
and for other purposes. [29th May 1970]
W
HEREAS Hambros Bank, Limited (hereafter referred
to
as " the
Existing Bank
") is a
company limited
by
shares within
the
meaning
of the
Companies
Act
1948
1948
c
38.
and has
an
authorised capital
of
£9,500,000:
And whereas part
of the
business
of the
Existing Bank
is the
business
of
banking:
And whereas Hambros Limited (hereafter called
"
the
New
Bank
") is
also
a
company limited
by
shares within
the
meaning
of
the
said
Act of 1948
having been incorporated with
an
authorised capital
of
£100
as a
wholly-owned subsidiary
of the
Existing Bank
and
with
a
view
to the
acquisition
of its
banking
business:
And whereas
it is
expedient that
the
said business should
be
transferred as provided
in
this
Act and
that
the
other provisions
contained in this
Act
should be enacted:
To continue reading
Request your trial