266
THE HONGKONG GOVERNMENT GAZETTE, JUNE 27, 1913.
HONGKONG.
No. 13 OF 1913.
An Ordinance to prohibit the circulation of
Foreign Notes.
I assent to this Ordinance.
LS
F. H. MAY, Governor.
[27th June. 1913.]
Short title.
Definition of
note.
Circulation
of notes pro- hibited save in certain authorized
cases.
Penalty for unlawful circulation
of notes.
Circulation defined.
Provisions
for addition to authoriz-
ed exemp- tions from Ordinance.
Date of
coming into operation.
BE it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Foreign Notes (Prohibition of Circulation) Ordinance, 1913.
note
2. In this Ordinance the word “
" includes all pro- missory notes made by a banker, payable to bearer on demand, and intended to circulate as money, and also all deeds, papers, or parchments, written or printed, or partly written and partly printed, by whomsoever issued, purport- ing to be or to represent money and intended to circulate
as money.
3. The circulation of all kinds of notes other than those of the Hongkong and Shanghai Banking Corporation, the Chartered Bank of India, Australia and China and the Mercantile Bank of India is prohibited.
4.-1.) If any person circulates or attempts to circulate any note or notes the circulation of which is prohibited by this Ordinance, he shall be liable on summary conviction to a fine not exceeding twenty-five dollars and the note or notes so circulated or attempted to be circulated shall be forfeited.
(2.) For the purposes of this section a person shall be deemed to circulate uotes if he tenders, utters, buys, sells, receives or pays them, or puts them off: Provided that a person shall not be deemed to circulate notes if he gives or receives such notes to or from a bonâ fide banker or licensed money changer in exchange for other notes or coin or for any other purpose, and provided also that this section shall not be construed so as to prevent or restrict the legitimate business of a bonâ fide exchange banker or licensed money changer.
5. Whenever a notification shall appear in the Gazette under the hand of the Colonial Secretary to the effect that the issue of notes other than those specified in section 3 above has been sanctioned by Royal Charter or Ordinance then such notes shall be exempted from the provisions of this Ordinance in the same manner as those specified in the said section.
6. This Ordinance shall come into operation on the 1st day of August, 1913.
Passed the Legislative Council of Hongkong, this 26th day of June, 1913.
C. CLEMENTI,
Clerk of Councils.
Assented to by His Excellency the Governor, the 27th day of June, 1913.
A. M. THOMSON,
Colonial Secretary.