A.D. 1947] HONG KONG (REHABILITATION) LOAN.
HONG KONG.
[No. 48
40
No. 48 OF 1947.
L.S.
I assent.
A. G. GRANTHAM,
Governor.
18th December, 1947.
An Ordinance to make provision for raising a Loan of one hundred and fifty million dollars for the general rehabilitation of the public services of the Colony following a period of enemy occupation.
[18th December, 1947.]
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Hong Kong Short title. (Rehabilitation) Loan Ordinance, 1947.
or Crown
2. The Governor or the Crown Agents acting on his be- Power of half may raise by loan in Hong Kong or in London or partly in Governor Hong Kong and partly in London by one or more issues an Agents to amount sufficient to produce in the aggregate a sum not raise loan. exceeding one hundred and fifty million dollars and such further sums as may be necessary to defray the expenses of issue.
charged on
3. The principal moneys and interest represented by Loan to be the loan issued under the provisions of this Ordinance are general hereby charged upon and shall be payable out of the general revenue and assets of the Colony.
revenue and assets of Colony.
4.
(1) Any sums raised to defray the expenses of Application issue shall be applied only to that purpose.
of sums raised.
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