Whereas there may be hereafter many Shareholders of the Company who reside in England, and Sales of Shares are frequently made by Persons in England to Persons in Scotland, and vice versa, and it would be attended with Inconvenience if all Transfers of Shares were required to be executed according to the Forms of the Law of Scotland; all Transfers of Shares of the said Company shall be valid and effectual if executed according to the usual Mode of executing such Instruments either in England or Scotland, or partly according to the one and partly according to the other.