1895-HKRS28-1-1-1_Part02 — Page 4

1

HONGKONG.

Wandlingsry

Governor.

Order in Council appointing Agents to make Declaration under the provisions of "The Colonial

Stock Act 1877"

Dated 16th January 189.

Whereas, by Ordinance No. 1 of 1893 passed by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, the short title of which is The General Loan and Inscribed Stock Ordinance, 1893, (hereinafter termed "the said Ordinance," and a copy whereof is hereto annexed), provision is made amongst other things under or by virtue of which the Governor of Hongkong is empowered to create capital stock to be called "Hongkong Inscribed Stock," to be issued as and in manner by the said Ordinance provided. And the said Ordinance also makes provision that the Governor may from time to time declare all or any of the Lonas of Hongkong inclusive of the Loan issued under Ordinance No. 11 of 1886 passed as aforesaid, the short title of which is The Loan Ordinance, 1886, convertible into Stock, and may provide for the creation, jexchange, issue, and conversion of Stock as therein particularly set forth.

And also that the Governor may from time to time make arrangements with the Crown Agents for the Colonies for inscribing Stock in their books, for managing the creation, inscription and issue of Stock, and for effecting the conversion of Loans into Inscribed Stock, and managing transfers thereof, and for other the objects and purposes in the said Ordinance particularly mentioned.

And whereas, by an Act passed by the Parliament of the United Kingdom of Great Britain and Ireland, in the 40th and 41st years of the reign of Her Majesty Queen Victonia, and which is therein declared may be cited as The Colonial Stock Act, 1877, it is amongst other things enacted, that where provision has been made by the Legislature of a Colony, and otherwise, for the inscription and trans-

er in a register kept in the United Kingdom by some Bank, Colonial Officer or person (which Bank,

Officer, or person, is in this Act referred to as the Registrar), of any Stock forming the whole or part of the public debt of such Colony, and the Government of such Colony shall cause a declaration under the seal of such Colony, or by some person in that behalf authorized under that seal, stating such provision and identifying the Stock with respect to which it has been made, to be left with the Co- missioners of Inland Revenue, those Commissioners upon payment of the proper foe shall record the same, and such record and declaration shall be open to inspection at all reasonable times in mauner directed by the said Commissioners upon payment of the proper fee.