Singapore legislation
Clause 6
Clause 6
Objects
The objects of the Corporation shall be —
to promote, support, develop and maintain the rubber industry in general, particularly as regards the national and individual interests therein, and with those objects in view to conduct a market in Singapore for the sale and purchase of rubber and to make such arrangements and regulations as may be deemed desirable for the proper conduct of the trade and commerce in and for the marketing and distribution of rubber, and for those purposes to secure that such trade, marketing and distribution shall so far as possible be carried on through the market established by, and under the arrangements and regulations from time to time formulated by or with the approval of, the Corporation;
to obtain and provide (whether by purchase, lease or otherwise), regulate and maintain a suitable building or buildings, room or rooms for the purposes of a Rubber Exchange, a Clearing House or Settlement House or both in Singapore and offices in connection therewith and also for the use and convenience of persons using such Rubber Exchange, Clearing House or Settlement House and subscribers thereto and also to provide and carry on or let with or without control, rooms and other premises for the accommodation, refreshment, use or convenience of the members and to construct, alter and maintain any buildings required for any of the purposes aforesaid;
to establish and carry on the business of a Clearing House or Settlement House or both for facilitating the conduct of mercantile business and in particular for facilitating the clearing and settlement of contracts for the purchase and sale of rubber, and to make and stipulate such remuneration, terms and conditions in respect of such business as may from time to time be determined;
to enter into relations and to co-operate to such extent and on such conditions as may be deemed desirable with associations or companies having objects altogether, or in part, similar to those of the Corporation and with Chambers of Commerce and other trade, mercantile and public bodies throughout the world;
in the furtherance of the objects afore-mentioned to carry on the trade or business of warehousemen, lightermen, forwarding agents, removers, storers, packers and carriers of rubber and other goods and merchandise of every description and to issue warrants to persons warehousing goods with the Corporation;
to consider and deal with all questions connected with the trade, marketing and distribution of rubber and with the interests of the Corporation and its members;
to make and enforce in such manner as may seem expedient by-laws and regulations as to the conduct of the rubber trade and the terms and conditions on which it is to be carried on and for the maintenance of proper standards of conduct in the carrying on of such trade, and for the regulation of transactions between members and between members and others;
to provide means to facilitate the business and the transaction of the business of the trade, and to set up forms of contract for the transaction of business between members of the Corporation, and between members of the Corporation and others;
to inspect, sample and grade rubber in any part of the world in such manner as may be deemed expedient;
to act as arbitrator and to appoint arbitrators and umpires in any dispute affecting rubber or any dealing therein and otherwise to make arrangements for the settlement of disputes by arbitration;
to appoint agents in any part of the world for any purpose incidental to any of the objects of the Corporation;
to afford members and others facilities for co-operation in all matters affecting the interests of persons interested in or connected with the production of, or trade or commerce in, rubber;
to encourage research in the uses of rubber and take steps for the diffusion among the public of information with reference to its possible uses and to co-operate with others in the matters aforesaid, and to make all such payments in connection therewith as may seem fit;
to borrow or raise any moneys required for the purposes of the Corporation in such manner and upon such securities as the Corporation thinks fit;
to receive money, bills of exchange and negotiable and other securities, and make receipts, bills of lading, warehouse warrants or certificates or other documents of title to goods on deposit at interest or otherwise and to invest, lend and deal with moneys of or under the control of the Corporation in such manner as may from time to time be determined; to receive by way of security or deposit or for any purpose goods, merchandise and property of every description or warehouse warrants or certificates or other documents of title relating thereto and to accept such responsibility, if any, in respect thereof as may be determined and to issue warrants or documents of title in respect thereof;
to act as agents for depositors or others in respect of money, goods, merchandise, articles and things from time to time deposited with or under the control of the Corporation and in collecting, paying or remitting money or securities for money in Singapore or elsewhere;
to undertake and execute any trusts which may appear conducive to the objects of the Corporation or the interests of its members or other persons interested in or connected with the production of, or trade or commerce in, rubber;
to act as representatives in Singapore or in any country abroad of any company or association having objects similar to any of the objects of the Corporation;
to indemnify any member in respect of action taken, or to be taken, or liability incurred, or to be incurred, by him which the Committee may consider conducive to the interests of its members;
to provide and collect from members, or otherwise, funds for the purpose of carrying on or furthering the objects of the Corporation or any of them;
to do all such other lawful things as are incidental or conducive to the attainment of the above objects or any of them.