HONG KONG
No. 2 or 1948.
1 assent.
Кратов
Governor.
29th January, 1948.
An Ordinance to provide for the regulation and licensing of the
business of banking.
[29th January, 1948.]
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 Banking Ordinance, Short title.
1948.
*
In this Ordinance, unless the context otherwise requires.— Interpretadon.
bank J
meape any person carrying on banking business or wing the words "bank' OT truat or any derivative titersof as part of the title under which business is carried on or using any name implying that such person carries on the business of banking but shall not include a registered co-operativa society,
J
banking business means the business of a bank engaged in the receipt of money on current or deposit account or in payment and collection of cheques drawn by or paid in by a customer or in the making or receipt of remittances or in the purchase and sale of gold or silver coin or bullion;
**
"bank note means any hill, draft or note issued by any bank for the payment of money to the bearer on demand or
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