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... wat daad Bedre gøk di Wetwa 10 Be... ... VAS TELAJ 1. fed and AVANORIN
Corporation Ordinance 1899, it was enacted that, notwithstanding the restriction imposed by Section 13 of the Principal Ordinance upon the total number of the bills and notes of the Company payable to bearer on demand actually in circulation, bills and notes of the Company payable to bearer on demand might, for the period of one year from the 31st day of July 1898 be issued and be in actual circulation to an amount in excess of the capital of the Company actually paid up, if there had been specially deposited and was kept in the custody of the Colonial Secretary and the Colonial Treasurer for the time being an amount of coin, or bullion, or coin and bullion equal to the whole value of such excess issue for the time being actually in circulation, to be held by the said Colonial Secretary and Colonial Treasurer exclusively for the redemption of such bills and notes wherever the same might have been issued; AND WHEREAS by Section 2 of the Hongkong and Shanghai Banking Corporation (Excess Note Issue) Ordinance 1900 it was enacted that all the provisions of Section 3 of the Hongkong and Shanghai Banking Corporation Ordinance 1899 were thereby continued for the following further period, namely from the 31st day of July 1899, until and including the 13th day of August 1908; Provided nevertheless that nothing therein contained should exempt the Hongkong and Shanghai Banking Corporation from the operation of any existing or future laws restricting or regulating the issue of bills or notes in the Colony or in any place outside the Colony where the Hongkong and Shanghai Banking Corporation had or might thereafter establish banks or branch banks; AND WHEREAS it is expedient that the powers and provisions conferred by Section 3 of the Hongkong and Shanghai Banking Corporation Ordinance 1899 be further continued from the 14th day of August 1908 until and including the 13th day of August 1929.
Be it therefore enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof as follows:
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