Enclosure No. 2.
ATTORNEY GENERAL'S CHAMBERS,
Hong Kong...29th July...............192 9.
REPORT ON ORDINANCE No.......11............of 1929.
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1.
I have examined the accompanying Ordinance. intituled an
Ordinance to extend for a further period the powers granted
by the Mercantile Bank Note Issue Ordinance, 1911, to the
Mercantile Bank of India, Limited, to make, issue, reissue
and circulate notes in the Colony, and I am of opinion
that the Ordinance is one which is not contrary to the
Governor's instructions.
2. The Mercantile Bank Note Issue Ordinance, 1911,
Ordinance No. 65 of 1911, empowers the Mercantile Bank of
India, Limited, to make,issue, re-issue and circulate bank
notes. This power was limited so as to come to an end
on the 13th August, 1929. This Ordinance extends the
duration of that power up to and including the 12th July,
1939.