1946-HKRS28-8-13_Part01 — Page 30

HONG KONG

No. 13 or 1946.

I assent.

hark bung

Governor.

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.

of Doubtful

2. All Notes of a note-issuing Bank within the meaning Validation of Section 2 of the Currency Ordinance, 1935, put into Notes. circulation between 26th December, 1941, and 16th August, 1946, 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,

Lo issue

certificates of in respect mf notes of the Hong Kong and Shanghai Banking Corporation

indebtedncsA

3. Notwithstanding anything contained in Section 5 of Authority the Currency Ordinance, 1935, the Financial Secretary is authorised to issue certificates of indebtedness to the long Kong and Shanghai Banking Corporation in respect of the notes of that Bank validated under Section 2 as follows:-

(1) In the sum of $103,800,000 on the passing of this Ordinance.

validated.

I