Bank Notes Issue.
[CAP. 65
CHAPTER 65.
BANK NOTES ISSUE.
2 of 1895
To regulate the issue of bank notes and to provide for Originally
certain notes being legal tender and for purposes Fraser ancillary thereto.
2 of 1895 54 of 1935 21 of 1939
A.
[20th March, 1895.]
2 of 1946
22 of 1950
This Ordinance may be cited as the Bank Notes Short title.
Issue Ordinance.
2. In this Ordinance-
Interpretation.
"bank" includes any person, partnership, or company carrying on the business of banking within the Colony;
[2
"bank notes lawfully issued" means notes issued in the 54 of 1935, s. 2.
Colony by any of the note-issuing banks in accordance with the provisions of The Hongkong and Shanghai Banking Corporation Ordinance, the Mercantile Bank (Cap. 70.) Note Issue Ordinance, and the charter of incorporation (Cap. 71.) of The Chartered Bank of India, Australia and China,
or any supplemental charter of that bank, or issued
in accordance with the above-mentioned provisions as
modified by the Currency Ordinance, 1935, or by this (54 of 1935). Ordinance;
"note-issuing bank" means The Chartered Bank of India, 21 of 1939, s. 2.
Australia and China, The Hongkong and Shanghai Banking Corporation, and the Mercantile Bank of India Limited.
3.
legal tender
currency of
As from the 6th day of December, 1935, all bank Notes to be
notes lawfully issued shall be legal tender in the Colony and the to any amount and any liability to pay silver currency the Colony. may be discharged in such notes and in particular every 54 of 1935, s. 3. bank note lawfully issued shall be deemed to be the cur-rency of the Colony for the purpose of any promise to pay printed on such note.
(1) It shall not be lawful for any bank to make, Issue of bank
issue, or circulate within the Colony bank notes payable
A.
notes.
to bearer on demand, except with the sanction of the Secre-tary of State signified through the Governor.
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