PRINTERS AND PUBLISIIERS. ( 6 or 1886. ) S07
USURY . 7 of 1886. )
Form III .
I, ( then follows as in form I] the printer [ or publisher or printer and Form of
publisher] of the newspaper entitled ( stute name]declare that [ state full name] declaration
under 35.7,9.
has ceased to be the proprietor (or a proprietor] of the said newspaper entitled
[ state name] and that [state full names with his or their occupation, place
of business ( if any) and pluce of residence] is ( or are ] now the proprietor
(or proprietors ) thereot.
[ Signature of person making declaration .]
Declared [us inform I.]
Form IV .
1, [state name and place of residence] declare that I have a press for declaration
form of
printing at [here state the place where the press is kept giving a true and under s. 19.
precise description of the premises.
[ Signature and declaration as in form I.]
[ In force from 12th July, 1886. Proclamation 10th July, 1886. ]
No. 7 OF 1886 .
An Ordinance to repeal the Usury Laws and to fix a
legal rate of interest.
[ 24th March , 1886.]
* *
1. This ordinance may be cited for all purposes as The Usury Short title.
Ordinance, 1886.
*
3. Where interest is payable upon any contract, espress or Recovery of
interest .
implied, for payment of the legal or current rate of interest, or
where upon any debt or sum of money interest is payable by
any rule of law, such rate of interest shall be recoverable, as if
this ordinance had not been passed .
4. Where interest is payable on any contract, express or Rate of
implied, or on any debt or sum of money, but the rate of such interest
where no
interest is not fixed by the contract or by the parties or rule of agreement,
and
18 v. [c. 90,
law, the rate thereof shall not exceed $ 8 per cent. per annum . &c.
Provided always that it shall be lawful for the Supreme Court s.2.]
of Hongkong and every other Court having jurisdiction within
the Colony, in awarding interest in any action, suit or matter,
to allow a lower rate of interest, if the circumstances of the case
render it just and espedient.
5. Nothing herein shall be taken to affect or repeal any ordi- orilinances
Not to affect
nance relating to pawnbrokers. relating to
pawnbrokers.
[ Ibid, s, 3. ]