**
ber.
i
མ་ iii.
0
A. 90
4.
320
ode of providing for payment of interest n debentures.
Arther sums to be emitted for the edemption of the lebenture8.
Pplication of sinking
und.
12. So long as any of the debentures remain
outstanding, the Governor shall, in each half year
ending with the day on which the interest on the
debentures falls due, appropriate out of the
general revenues and assets of the Colony of
Hong Kong a sum equal to one half-year's interest
on the whole of the debentures issued, including
any which may have been redeemed, but exclusive
of any which may have been at any time exchanged
for inscribed stock, and shall remit that sum to
the Crown Agents at such time as will enable them
to pay there out the then current half-year's
interest on the day on which it falls due.
13. After the date specified in the Ordinance
authorising the loan as that on which the contri-
butions to the sinking fund shall commence, the
Governor shall, in each half-year ending as afore-
said, appropriate out of the said revenues and
assete of the Colony of Hong Kong an additional
eum for the formation of a sinking fund of not
less than ten shillings sterling per hundred pounds
on the total nominal amount of all the debentures
issued, including any which may have been redeemed,
but exclusive of any which may have been at any
time exchanged for inscribed stock, and shall
remit that sum to the Crown Agents with the
remittance hereinbefore mentioned.
14.
The sinking fund shall be applied in the
first place in payment of all expenses of, or
incidental to, the redemption of the debentures