THE HONGKONG GOVERNMENT GAZETTE, 13TH OCTOBER, 1905.
GOVERNMENT NOTIFICATION.-No. 693.
1557
The following Bill, which was read a first time at a Meeting of the Legislative Council held this day, is published.
By Command,
Colonial Secretary's Office, Hongkong, 13th October, 1905.
T. SERCOMBE SMITH,
Colonial Secretary.
A BILL
ENTITLED
An Ordinance for raising the sum of Two Million Pounds by Loan for the purpose of defraying the cost of a Railway from Kowloon and for other Railway purposes.
WHEREAS it is expedient to give authority to the Gov- ernor to raise as occasion requires a loan not exceeding Two Million Pounds in all for the purpose of defraying the cost of a Railway from Kowloon and for other Railway purposes.
Be it therefore oneted 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 Railways Loan Short time. Ordinance, 1905.
2. The Governor may as occasion requires borrow a Power to sum not exceeding Two Million Pounds in all by the sale Governor of Inscribed Stock under the provisions of the General to borrow Loan and Inscribed Stock Oelinanec, 1893.
€2,000,000, No. 1 of 1893.
3. The contribution to the Sinking Fund as contemplated Contribution in Sections 7 and 8 of the said Ordinanec shall commence to Sinking at the expiration of five years from the date on which the Fund. interest on the Inscribed Stock to be issued under this Ordinance shall begin to accrue.
Objects and Reasons.
These are as set out in the Preamble.
HENRY S. BERKELEY,
Attorney General,