1989 Ed.]
Bank Notes Issue
[CAP. 65
1
CHAPTER 65
BANK NOTES ISSUE
To regulate the issue of bank notes and to provide for certain notes being legal tender and for purposes ancillary thereto.
(Amended 20 of 1948 s. 4)
[20 March 1895]
Originally 2 of 1895, 54 of 1935, 21 of 1939, (Cap. 65, 1950) — 50 of 1911, 51 of 1911, 1 of 1912, 2 of 1912, 43 of 1912, 5 of 1924, 21 of 1939, 2 of 1946, 20 of 1948, 22 of 1950, 54 of 1956, 14 of 1958, 21 of 1969, 7 of 1978, 21 of 1978, 76 of 1984, R. Ed. 1984, L.N. 333 of 1989, 63 of 1989
1.
Short title
2.
This Ordinance may be cited as the Bank Notes Issue Ordinance.
Interpretation
(Amended 5 of 1924 s. 6)
In this Ordinance, unless the context otherwise requires-
"bank" includes any person, partnership, or company carrying on the business of banking within the Colony; (Amended 5 of 1924 s. 2)
"bank notes lawfully issued" means notes issued in the Colony by any of the note-issuing banks in accordance with the provisions of The Hongkong and Shanghai Banking Corporation Limited Ordinance (Cap. 70) and the charter of incorporation of Standard Chartered Bank, or any supplemental charter of that bank, or issued in accordance with the above-mentioned provisions as modified by the Exchange Fund Ordinance (Cap. 66), or by this Ordinance; (54 of 1935 s. 2 incorporated. Amended 20 of 1948 s. 4; 54 of 1956 s. 3; 7 of 1978 s. 3; 76 of 1984 s. 2; L.N. 333 of 1989)
"note-issuing bank" means Standard Chartered Bank, and The Hongkong and Shanghai Banking Corporation Limited. (21 of 1939 s. 2 incorporated. Amended 54 of 1956 s. 3; 14 of 1958 s. 3; 7 of 1978 s. 3; 76 of 1984 s. 2; L.N. 333 of 1989)
3.
Notes to be legal tender and the currency of the Colony
As from 6 December 1935, all bank notes lawfully issued shall be legal tender in the Colony to any amount and any liability to pay silver currency may be discharged in such notes and in particular every bank note lawfully issued