CO882-(3-4) — Page 646

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PUBLIC RECORD OFFICE

Reference :--

C.O. 882

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO

PUBLIC RECORD OFFICE, LONDON

Eastern. No. 43.

An ORDINANCE to provide for the issue of GOVERNMENT PAPER CURRENCY.

WHEREAS it is expedient to provide for the issue of Government Paper Preamble. Currency in this Colony: Be it therefore enacted by the Governor of Ceylon, by and with the advice of the Legislative Council thereof, as follows:-

1. This Ordinance may be called "The Ceylon Paper Currency Ordinance, Short title. 1884," and it shall extend to the whole of the Colony of Ceylon.

C

2. The expressions Colonial Secretary," "Treasurer," and "Auditor- Interpretation clause. General' mean the persons for the time being lawfully discharging the

19 "the Commissioners means the functions of such officers, and the expression Commissioners of Currency hereinafter created.

Currency.

3. A Board of Commissioners of Currency for the Colony shall be established Commissioners of for the purposes of this Ordinance, and shall consist of the Colonial Secretary, the Treasurer, and the Auditor-General,

issue Government

4. It shall be lawful for the Commissioners from time to time to provide, Commissioners may issue, and re-issue promissory notes of the Government of Ceylon payable to bearer on demand for the respective sums following; viz.,—

Five rupees.

Ten rupees.

Fifty rupees.

notes.

by two Commissioners.

5. Every such note shall bear the signatures or facsimiles of the signatures Notes to be signed of any two of the Commissioners holding office at the date borne on the note.

and holders may

6. Such notes shall be called "Currency Notes" and shall be payable only Notes to be called

"Currency Notes," at the office of the Commissioners, Colombo. The holders of currency notes shall be entitled to obtain on demand at the said office silver rupees of India demand rupees for in exchange for such notes, but no other coin.

them.

7. Every currency note shall be legal tender for the amount expressed Noton to be legal thereon in payment or on account of—

(a) Any revenue or other claim to the amount of Rs. 5 and upwards, due to

the Government of Ceylon;

(6) Any sum of Rs. 5 and upwards, due by the Government of Ceylon or

by any body corporate or person in Čeylon.

day of

tender.

day

the Oriental Oriental Bank notes 8. From and after the

not to be received Bank Corporation note issue for this Colony, which was in circulation on after the the morning of the 3rd day of May 1884, and which was guaranteed by of the Government of this Colony, shall cease to be recognized as equivalent

to money by the Government of this Colony, and the guarantee given by the Government as aforesaid shall at such period absolutely cease and determine, and any loss in respect of the said notes shall thereafter fall absolutely on the holder or holders of such note or notes: Provided, however, that nothing herein contained shall affect any claim to set-off which any debtor of the Oriental Bank Corporation may be entitled to in respect of any of the said notes.

9. At any time after the aforesaid

day of

and until the After the

day of the Commissioners shall, on miners to nx

Com-

Bank notes for Government notes.

day of the demand of any body corporate or person other than the liquidator of the change Oriental Oriental Bank Corporation or his agents, issue currency notes in exchange for the amount thereof in notes of the Oriental Bank Corporation: Provided, however, that no currency notes shall be so issued in respect of any note of the Oriental Bank Corporation that was not in circulation on the 3rd day of May 1884, and guaranteed as aforesaid.

received under last

10. It shall be the duty of the Commissioners to deposit all notes of the Oriental Bank notes Oriental Bank Corporation received under the provisions of the preceding section to be de section in one of the Treasury vaults to be set apart for that purpose, and posited in Treasury. to hand them over to the proper authorities for verification and payment of dividends due thereon.

▲ 14270. 50-9/84. G 9. Wt. 10301. E. & 8.

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PUBLIC RECORD OFFICE

Reference :-

11C.O. 882

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4 PUBLIC RECORD OFFICE, LONDON

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC.

COPYRIGHT PHOTOGRAPH-NOT TO