248
THE HONGKONG GOVERNMENT GAZETTE, 23RD MARCH, 1895.
GOVERNMENT NOTIFICATION.-No. 112.
His Excellency the Governor has given his assent, in the name and on behalf of the QUEEN, to the following Ordinance passed by the Legislative Council:-
Ordinance No. 2 of 1895.—An Ordinance enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, to regulate the issue of Bank Notes.
By Command,
Colonial Secretary's Office, Hongkong, 20th March, 1895.
J. H. STEWARt Lockhart,
Acting Colonial Secretary.
Title.
No. 2 of 1895.
An Ordinance enacted by the Governor of Hong- kong, with the advice and consent of the Legis- lative Council thereof, to regulate the issue of Bank Notes.
LS
WILLIAM ROBINSON,
Governor.
[20th March, 1895.]
Preamble.
Bank Note
isane pro- hibited excopt by sanction
of a Secretary of State.
Extating Note issue preserved.
Statement of existing note issue.
De finition 01 "Bank,"
B'
E it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
-
1. It shall not be lawful hereafter for any Bank to make, issue, or circulate within the Colony Bank Notes payable to bearer on demand except with the previous sanction of one of Her Majesty's Principal Secretaries of State signified through the Governor.
2. This Ordinance shall not affect any Bank Notes payable to bearer on demand which are in circulation on the 20th day of March, 1895, nor shall it affect any right or privilege possessed by any Bank under Royal Charter or Ordinance of the Colony of issuing or re-issuing within the Colony Bills or Notes payable to bearer on demand.
3. Every Bank shall, upon the written application of the Colonial Treasurer, furnish him with a statement of its Bank Notes payable to bearer on demand in circulation on the 20th day of March, 1895. Such statement shall be signed by the banker, or manager, or agent and accountant of such Bank and shall be sufficient to enable any such Bank Notes in circulation on such day to be distinguished from those not then in circulation.
any
4. In this Ordinance the word "Bank" includes person, partnership, or company carrying on the business of banking within the Colouy.
Passed the Legislative Council of Hongkong, this 20th day of March, 1895.
ARATHOON SETH, Clerk of Councils.
Assented to by Ilis Excellency the Governor, the 20th day of March, 1895.
J. H. STEWART LOCKHART,
Acting Colonial Secretary.