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THE HONG KONG GOVERNMENT GAZETTE.
SUPPLEMENT NO. 1, JUNE 18, 1948.
SCHEDULE-Continued
First Column
MONTH
Second Column
AMOUNT IN HONG KONG DOLLARS
TO BE TAKEN AS EQUIVALENT
TO 1,000 MILITARY YEN.
(a) valuing any payment made during the occupa- tion period in respect of a debt (whether accrued due or not) payable by virtue of an obligation incurred prior to or after the commencement of the occupation period; or
(b) providing for the payment or other settlement of any debt or part of a debt (whether accrued due or not) payable by virtue of an obligation incurred during the occupation period and still unpaid at the commencement of this Ordinance; or
(c) determining a rate for the payment of any such interest as is referred to in sub-section (1) of section 10 of this Ordinance.
1.
SCHEDULE
(Sections 3 (2) and 5).
Where any such payment as is mentioned in subsection (2) of section 3 of the Ordinance was made in occupation currency during any month or any period set out in the first column of paragraph 3 of this Schedule, such payment shall be re-valued by taking the number of dollars in Hong Kong currency set out opposite such month or period in the second column of paragraph 3 of this Schedule as equivalent to one thousand military yen.
2.
In the case of a debt incurred during the occupation period which falls to be re-valued under section 5 of this Ordinance, if the whole or any part thereof remains unsatisfied such whole or part shall be re-valued as in the month or period in which the debt was incurred by taking the number of dollars in Hong Kong currency set out opposite such month or period in the second column of paragraph 3 of this Schedule as equivalent to one thousand military yen.
3.
First Column
MONTH
1942
January February March
Second Column
AMOUNT IN HONG KONG DOLLARS
TO BE TAKEN AS EQUIVALENT To 1,000 MILITARY YEN.
1943 January February March April
May June
May
June
July
January February March April May
$800
800
800
April
800
May
800
June
800
July 1-23
800
July 24-31
800
August
800
September
800
October November December
800
800
800
600
600
600
600
560
520
July
480
August
390
September
320
October
280
November
280
December
280
1944
January
260
February
200
March
160
April
120
120
90
80
August
60
September
48
October
40
November
32
December
24
1945
12
66668
20
16
16
16
June
July
August 1-15
August 16-31
8
4
4
Nil
Passed the Legislative Council of Hong Kong, this
16th day of June, 1948.
ALASTAIR TODD, Deputy Clerk of Councils.
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