418
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LEGISLATIVE COUNCIL.
No. S. 230.--The following Bill was read a first time at a meeting of the Council held on the 4th September, 1919:-
Short title.
Repeal of the Sugar Convention Ordinance 1904.
A BILL
INTITULED
An Ordinance to repeal the Sugar Convention
Ordinance, 1904.
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 Sugar Con- vention Ordinance, 1919.
2. The Sugar Convention Ordinance, 1904, is hereby repealed.
Objects and Reasons.
The object of this Bill is to carry out the instructions received from the Secretary of State for the Colonics for the repeal of the Sugar Convention Ordinance, 1904, in view of the withdrawal of His Majesty's Government from the Brussel's Sugar Convention, the effect of which withdrawal is to relieve both the Imperial Government and the various Colonial administrations from their obligations under the Convention.
27th August, 1919.
NOTICES.
H. E. POLLOCK,
Attorney General,
COLONIAL SECRETARY'S DEPARTMENT.
No. S. 231. Returns of the Average Amount of BANK NOTES in Circulation and of Specic in Reserve in Hongkong, during the month ended 31st August, 1919, as certified by the Managers of the respective Banks :-
BANKS.
AVERAGE AMOUNT.
SPECIE IN RESERVE.
$
$
Chartered Bank of India, Australia and China,
9,570,572
5,000,000*
Hongkong and Shanghai Banking Corporation,
28,202,871
17,000,000
Mercantile Bank of India, Limited,
1,138,792
550,000†
TOTAL,
$ 38,912,235 22,550,000
*
Sterling Securities deposited with the Crown Agents valued at £340,000.
† Securities with the Crown Agents £125,000.
No. S. 232.-The following statement of the securities lodged with the Crown Agents by the Mercantile Bank of India, Limited, against their notes in circulation, is published for general information under Section 5 of the Mercantile Bank Note Issue Ordinance, 1911, (Ordinance No. 65 of 1911):-
.....
Security.
5% War Loau,
Amount.
£125,000
Nominal Value.
Price when deposited:
Latest market price.
£94. 68. 3d.