(
(copy)
ENCLOSURE 2
C.O.
30004
Rece
&
ATTORNEY GENERAL'S OFFICE14 SEP 00
August 3rd.1900.
Report on Ordinance 19 of 1900.
283
I have examined the accompanying
Ordinance, entitled, :-
qur-
"An Ordinance to again continue in forde for a ther period the provisions of section 3 of the Hong Kong and Shanghai Bank Ordinance, 1899, with re- garoto the excess issue of bills and notes payable to bearer on demand", and I am of opinion that the
Ordinance is one that is not contrary to the Govern-
or's Instructions,
+ Despatch of 3.of S. to the Governor No. 179 of 8th. June, 1900
The object of this Bill is to carry out the instructions received from the Secretary of State for the Colouies for the extension, until the 13th slay of August, 1908, of the privilege seconded to the Hongkong and Shanghai Bank of issning and having in circulation bills and notes, payable to hearer on demand, in excess of its paid up capital, ou condition that the Bank would deposit with the Govern meur poin or bullion equal to the whole value of such execss issue for the time being actually in circulation, continued term of incorporation, conferred upon it by Onli- The 13th August, 1908, is the date on which the Bank's annce 21 of 1887, will expire.
The Secretary of State, however, desired that the con- tinuation of such privilege should be subject to any laws that have been or may hereafter be passed for restricting or regulating the issue of bank notes in the Colony.
W. Meon GOODMAN, Attorney General.