THE HONG KONG GOVERNMENT GAZETTE, JUNE 15, 1934.
9. The interest on each bond shall be at the rate of three Payment of and one half per centum per annum and shall run from the interest. day named in that behalf in the bond, and shall be paid half yearly either at the head office of the Hongkong and Shanghai Banking Corporation or at the office of the Chartered Bank of India, Australia and China in Hong Kong on the days named in that behalf in the coupons.
10. The Governor shall have power
(a) to determine the time for any issue of bonds;
(b) to determine the amounts for which the bonds of any issue shall be issued;
(c) to determine the form of the bonds;
(d) to determine the terms upon which the bonds shall be issued, whether with regard to the price of issue or the conditions of application and deposit or otherwise;
(e) to provide for the issue in the first instance of scrip certificates to be exchanged later for bonds;
(f) to provide for the issue of coupons for the payment of interest;
(g) to determine the days on which the half-yearly interest is to be payable;
() to determine the method by which the yearly drawings shall be carried out and
:
(i) to give any other necessary directions for the purpose of carrying out this Ordinance and for the management of the loan, provided that such directions are not inconsistent with the provisions of this Ordinance.
Powers of Governor.
of bonds on
11. On the repayment of the principal moneys Delivery up represented by any bond the bond shall, and on the repurchase repayment or of
any
bond in accordance with the provisions of Section 5 (9) repurchase. the bond may, together in either case with all outstanding coupons attached to such bond, be delivered up for cancellation either to the head office of the Hongkong and Shanghai Banking Corporation or to the office of the Chartered Bank of India. Australia and China in Hong Kong.
12. Section 14 of the Trustees Ordinance, 1901. is Amendment amended by the addition of the following paragraph after paragraph (16) thereof :--
(164) any bonds issued under the authority of the Hong Kong Dollar Loan Ordinance, 1934.
of Ordin- ance No. 5 of 1901, s. 14.
from defence contribution.
13. All moneys appropriated out of the revenue and Exemption assets of the Colony for the payment of interest on the bonds or for the redemption of bonds shall be deducted from the Colonial Revenues before the calculation of the sums payable to His Majesty's Government under the Defence Contribution Ordinance, 1901.
Passed the Legislative Council of Hong Kong, this 14th day of June, 1934.
Ordinance No. 1 of 1901.
R. A. C. NORTH,
Deputy Clerk of Councils.
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