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issued under this subsection amount to the sum of

$16,000,000, in a sum equal to the proportion of the

net income of the Exchange Fund referred to in

section 6 of the Currency Ordinance, 1935, for the

preceding year which corresponds to the proportion

which the sum of $16,000,000 bears to the sum of

$119,800,000 less the dollar equivalent of the sum of £1,000,000 sterling and the dollar equivalent of the

sum to be paid when ascertained as provided in this

section, and in consideration of the issue of the said

certificates of indebtedness to require from the

Hong Kong and Shanghai Banking Corporation

(a) the payment of the sum of £1,000,000 sterling

to the said Exchange Fund, on the issue of the

certificate of indebtedness for $103,800,000,

how ab

(b)

and

-

when the amount has been ascertained the

payment by the Hong Kong and Shanghai Banking

Corporation to the said Fund of a sum equal to

the sterling equivalent at 18. 3d. to the Hong Kong dollar of the face value of that portion of

at hu the notes referred to in section 2 which w

ch were

"

used when first issued in discharge of any legal

liability of the Hong Kong and Shanghai Banking

Corporation.

2

cms

Ref.:

THE NATIONAL ARCHIVES

CO 537/1369

Ins

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 copynght