702
No. 1 of 1895. DEFENCES (SKETCHING PREVENTION).
and seize any such sketch found therein, and to arrest any person who may appear to have such articles so seized in his possession, custody or control.
[s. 8, rep. No. 26 of 1912 s. 3.]
1 Short title.
Interpreta-tion.
Issue of bank notes to be sanctioned
1. The Bank Notes Issue Ordinance, 1895.
No. 2 of 1895.
1. To regulate the issue of Bank Notes.
[20th March, 1895.]
2.
2. In this Ordinance the word bank includes any person, partnership, or company carrying on the business of banking within the Colony.
3. It shall not be lawful for any bank to make, issue, or circulate within the Colony bank notes payable to bearer on demand, except with the sanction of a Secretary of State signified through the Governor.
Saving of existing note issues.
Penalties.
4. This Ordinance shall not affect any right or privilege possessed by any bank under Royal Charter or Ordinance of issuing or re-issuing within the Colony bills or notes payable to bearer on demand.
5. If any bank makes, issues or circulates within the Colony any bank notes payable to bearer on demand in contravention of the provisions of this Ordinance, it and its principal manager or agent in the Colony and each of the partners (if any) therein shall be liable, on summary conviction, to a fine not exceeding 1,000 dollars, and in the case of a second or subsequent conviction to imprisonment for a term not exceeding 3 months and to a fine not exceeding 1,000 dollars: Provided that if the offender be a body corporate it shall be liable on a second or subsequent conviction to a fine not exceeding 5,000 dollars.
* As amended by No. 1 of 1912 and No. 2 of 1912.
As amended by No. 50 of 1911 and No. 1 of 1912. The issue of the Notes of the Hongkong and Shanghai Banking Corporation, of the Chartered Bank of India, Australia and China and of the Mercantile Bank of India, Limited, is duly sanctioned in accordance with the law. See G. N. 314 Gazette 12th October, 1912.
As amended by No. 1 of 1012 and No. 48 of 1912.
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