Page 315
referr for
Mor Rose 5 Any
It seems to me wh
eich Oppin
Seems to me
(perevally) are not
20th April, 1844 Fir Henry Pottinger,
X 31
1 molosire..
Received-
for Hugkang.
Forwarding Ordinance N. 7
to Mate in
Me for thespail
Ang.
QUI
DROIT
B
HONGKONG.
ANNO SEXTO ET SEPTIMO
VICTORIÆ REGINÆ.
No. 7 of 1844.
Y His Excellency Sir HENRY POTTINGER, Baronet, Knight Grand Cross of the Most Honorable Order of the Bath, Major General in the Service of the East India Company, Governor, and Commander in Chief of the Colony of Hongkong, and its Dependencies, and Superintendent of the Trade of Her Majesty's Subjects in China, with the advice of the Legislative Council of Hongkong.
# Title
## Preamble
An Ordinance for removing doubts respecting the application to Hongkong, of the Laws and Statutes of England relating to usury, and to limit, and define the rate of interest which may be recovered in cases, where it hath not been previously agreed ou between the parties.
[20th March, 1844.] WHEREAS it is expedient to remove all doubts respecting the application to Hongkong of the laws and statutes of England relating to usury, and to limit and define the rate of interest,for the forbearance of money which may be recovered in any Court of law,or equity, in cases wherein the rate of interest has not been fixed by the parties before the Court, be it therefore enacted, and declared by His Excellency the Governor of Declaring the sury Hongkong, with the advice of the Legislative Council thereof, that the laws and statutes laws of England not of England relating to usury, shall be deemed, taken, and adjudged not to extend to the to be in force. said Colony, or its dependencies,or to be in force within the same.
Not above 12 per
in cases before the
2.-And be it further enacted, that in all cases where interest for the loan of money, or upon any other contract, may be lawfully recovered,or allowed in any action, cent to be allowed or suit in any court of law or equity, but where the rate of such interest hath not been Court where no rate previously agreed upon, by, or between the parties, it shil not be lawful for the party has been previously entitled to interest to recover, or be allowed in any such action, or suit above the rate of agreed upon. twelve dollars, for the interest, or forbearance of one hundred dollars for a year, and so after that rate for a greater or lesser sum, or for a longer, or shorter time, Provided always that it shall be lawful for the court awarding such interest, to allow such lower rate thereof, as the circumstances of the case may render just and expedient.
HENRY POTTINGER,
Governor, &c, &c., &c.
Passed the Legislative Council, this 20th day of March, 1844.
RICHAUD BURGASS,
Clerk of the Legislative Council.
HONGKONG, Published by Authority.
Printed by John Cairns.
Page 315
серый
refert for
Mor Rose 5 Any
It seems to me wh
eich Oppin
Seems to me
(perevally) are not
20th April, 1844 Fir Henry Pottinger,
X 31
1 molosire..
Received-
for Hugkang.
Forwarding Ordinance N. 7
to Mate in
Me for thespail
Ang.
QUI
DROIT
B
HONGKONG.
ANNO SEXTO ET SEPTIMO
VICTORIÆ REGINÆ.
No. 7 of 1844.
Y His Excellency Sir HENRY POTTINGER, Baronet, Knight Grand Cross of the Most Honorable Order of the Bath, Major General in the Service of the East India Company, Governor, and Commander in Chief of the Colony of Hongkong, and its Dependencies, and Superintendent of the Trade of Her Majesty's Subjects in China, with the advice of the Legislative Council of Hongkong.
Title.
Preamble,
An Ordinance for removing doubts respecting the application to Hongkong, of the Laws and Statutes of England relating to asury, and to limit, and define the rate of interest which may be recovered in cases, where it hath not been previously agreed ou between the parties.
[20th March, 1844.] WHEREAS it is expedient to remove all doubts respecting the application to Hongkong of the laws and statutes of England relating to usury, and to limit and define the rate of interest,for the forbearance of money which may be recovered in any Court of law,or equity, in cases wherein the rate of interest has not been fixed by the parties before the Court, be it therefore enacted, and declared by His Excellency the Governor of Declaring the sury Hongkong, with the advice of the Legislative Council thereof, that the laws and statutes laws of England not of England relating to usury, shall be deemed, taken, and adjudged not to extend to the to be in force. said Colony, or its dependencies,or to be in force within the same.
Not above 12 per
in cases before the
2.-And be it further enacted, that in all cases where interest for the loan of money, or upon any other contract, may be lawfully recovered,or allowed in any action, cent to be allowed or suit in any court of law or equity, but where the rate of such interest hath not been Court where no rate previously agreed upon, by, or between the parties, it shil not be lawful for the party has been previously entitled to interest to recover, or be allowed in any such action, or suit above the rate of agreed upon. twelve dollars, for the interest, or forbearance of one hundred dollars for a year, and so after that rate for a greater or lesser sum, or for a longer, or shorter time, Provided always that it shall be lawful for the court awarding such interest, to allow such lower rate thereof, as the circumstances of the case may render just and expedient.
HENRY POTTINGER,
Governor, &c, &c., &c.
Passed the Legislative Council, this 20th day of March, 1844.
RICHAUD BURGASS,
Clerk of the Legislative Council.
HONGKONG, Published by Authority.
Printed by John Cairns.
315
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