WIDOWS AND CHILDREN RELIEF. ( 10 OF 1886 . SO9
LOAN . 11 OF 1886 .
6. Nothing herein contained shall be construed to affect any duty
Not toonaffect
admi.
duty now payable on letters of administration . nistration .
[ Ibid. s. 6.)
SCHEDULE .
Where the whole estate and effects of the intestate shall not exceed in Schedule.
value $ 100 , the sum of Sl : and where the whole estate and effects shall £ 20 .
exceed in value $ 100, the sum of $ 1 ; and the further sum of 20 cents for
every $ 50 or fraction of $50 by which the value shall exceed $ 100.
No. 11 OF 1886 .
An Ordinance to authorise the raising of a Loan not
exceeding Two Hundred Thousand Pounds.
[ 7th May, 1886.]
HEREAS it is expedient to raise on loan two hundred
WH thousand pounds to be expended : * *
*
1. This ordinance may be cited for all purposes as The Lomn Short title.
Ordinance, 1886 .
2. It shall be lawful for the Governor to raise by the issue Issue of
of debentures under this ordinance any sum or sums not exceed . debentures.
ing in the whole two hundred thousand pounds.
3. The principal moneys and interest, secured by the dcben- Principal and
interest out
tures issued under this ordinance, are hereby charged upon and payable
shall be payable out of the general revenues and assets of the vf revenue.
Government of Hongkong.
4. Every debenture issued under this ordinance shall be for Price of eachi
a sum of not less than one hundred pounds sterling, carrying debenture ;
interest at a rate not exceedling four and a half per centum per mole of
annum payable half yearly, and shall be paid off at par at any paying
&e . off,
time after the expiration of five years, but not later than twenty
years from the date of issue, provided always that not less than
six months' notice shall be given by alvertisement, in the
London Times newspaper , of the intention of the Governincnt of
Hongkong to pay off the debentures issued or a part thereof
under and by virtue of tliis ordinance, and provided also that
the time fixed for such repayment shall be a day on which a
coupon shall become due and payable.