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he or they may deem expedient, raise such sum
either by debentures or by Hong Kong inscribed
stock, or partly by debentures and partly by
inscribed stock.
318
Loans to be a charge upon general revenue
3. The principal moneys and interest
represented by the debentures or inscribed stock
issued under the provisione of this Ordinance are
hereby charged upon and shall be payable out of
the general revenues and assets of the Colony of
:
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Amount of each debenture.
Debentures may be redeemed by annual drawings or by pur chase in the Market or on a Fixed date.
4. When the Governor, or the Crown Agents
acting on his behalf, shall deem it expedient to
raise money by debentures, such debentures shall
be issued in London on behalf of the Government of
Hong Kong by the Crown Agents, upon the best and
most favourable terms that can be obtained, and
shall be signed by any one of them on that behalf.
5. Every debenture issued under the
provisions of this Ordinance shall be for the sum
of not less than one hundred pounds sterling, and
shall bear interest at a rate not exceeding five
per centum per annum.
6. The debentures shall be redeemable at
par at the option of the Government by purchase in
the market, or by annual drawings, or on'a date to
be named in that behalf by the Governor or by the
Crown agents acting on his behalf, as determined
when issuing the debentures, such date not being
later than sixty years from the date of issue, from