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AN ORDINANOS 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 Treasurer to isme certificates of indebtedness other than in nocordance with section 5 of the Currency Ordinance, 1935.
Validation of Doubtful Notes.
Authority to isme certificates of indebtedness in respect of notes of the Hong Kong and Suangh Banking Corporation v.lidated.
Bu it mucted by the Governor of Hong Kong,
with the advice and consent of the Legislative Council
thereof.
1. This Ordinance may be cited sa the Bank Notes
and Certificates of Indebtedness Ordinance, 1946.
2.
All Notes of a note-issuing Bank within the
meaning of Section 2 of the Currency Ordinance 1935
put into circulation between January 1st 1942 and
August 16th 1945, shull, notwithstanding any
irregularity in the manner of the issue, be and be
deemed to have been at all times banknotes lawfully
issued within the meaning of section 3 of the Currency
Ordin-nce 1935, and subject to the provisions of clɛuse
3 hereof, the provisions of that Ordinance and any
amendments thereto shall apply to the notes
forensid.
3. Notwithstanding anything cont::ined in section
5 of the Currency Ordinance, 1935, the Treasurer is
authorised to issue certificates of indebtedness to
the Hong Kong and Shanghai Banking Corporation in
respect of the notes of that Bảnk validated under
section 2 as follows
-
(2) In the sum of $103,800,000 on the passing
of this Ordinance.
(2) As soon as possible after the end of the
finenoid year commencing on 14th day of April, 1946,
und of each succeeding financial year thereafter until
the total mount of the certifio-tes of indebtedness
1
iomed
1
2
cms
Ref.:
CO 537/1369
THE NATIONAL ARCHIVES
N
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