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THE NATIONAL ARCHIVES
N
00040
[No. 18,
27
A.D. 1946.]
BANK NOTES AND CERTIFICATES OF INDEBTEDNESS.
HONG KONG.
No. 13 OF 1946.
I assent.
L.S.
MARK YOUNG, Governor.
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cms
Ref.:
THE NATIONAL ARCHIVES
CO 537/1369
restrictions. Further information is given in the enclosed Terms and Conditions of supply of National Archives' leaflet. Please note that this copy is supplied subject to the National Archives' terms and conditions and that your use of it may be subject to copyright
16th August, 1946.
An Ordinance to remove doubts concerning the legal status of certain Bank Notes issued during the Japanese occupation of the Colony and to give power to the Financial Secretary to issue certificates of indebtedness other than in accordance with section 5 of the Currency Ordinance, 1935.
[16th August, 1946.]
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 Bank Notes and Short Title. Certificates of Indebtedness Ordinance, 1946.
Notes.
2. All Notes of a note-issuing Bank within the meaning Validation of Section 2 of the Currency Ordinance, 1935, put into of Doubtful circulation between 25th December, 1941, and 16th August, 1945, shall, notwithstanding any irregularity in the manner of the issue, be and be deemed to have been at all times bank notes lawfully issued within the meaning of Section 3 of the Currency Ordinance, 1935, and subject to the provisions of Section 3 hereof, the provisions of that Ordinance and any amendments thereto shall apply to the notes aforesaid.
to issue
3. Notwithstanding anything contained in Section 5 of Authority the Currency Ordinance, 1935, the Financial Secretary is certificates of authorised to issue certificates of indebtedness to the Hong indebtedness
in respect Kong and Shanghai Banking Corporation in respect of the of notes of notes of that Bank validated under Section 2 as follows:-
the Hong Kong and
Shanghai Corporation validated.
(1) In the sum of $103,800,000 on the passing of this Banking Ordinance.
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