and Grenville
The current rate
late g
interest being higher
Hruskang than in Reyland
it sear
that the Courts should be allound to award
higher rate of interests in the Celang than they
Award in
England in
Cadir
A
Carr
where interest is payable
but the rate has not been fixed by apreement of the
parties
Under the Ordinance,
rate was 12 per cent
auto
72.
1844 the masimum-
this Erdinance redes it to oper
In England it in 4
or in Jona
casa 5 per cent
Hong Kong anticipated England & logran
repealing
the hourylaws EW 25.5
Alaquaerlambandhantedy ineunting the wande class'efae fag, ces lielid oak pad Hilsel taustaneebedeadpappy
Z.
3.
No. 104
!
Enclosure 1.
24 March, 1886.
fwith to spare coprits:
Enclosure 23.
18 Niarely, 1886
RECE
C. O.
8446
REGE 17 MAY 86)
Government House,
Hongkong, 17 April 1886
My Lord,
I have the honour to transmit for Her Majesty's gracious
confirmation and allowance the following Ordinance
entitled:
An
"
"Orlivance to repeal the Usury Laws
and to
fix a legal rate of interest,
(N°7 of 1886).
"
2. The customary Report by the Attorney-General is annexed, as ales
Q
Report by the Scoretary of the few Revision Commission.
The Right Honourable
I have the honour to be,
Your Longship's
Earl Granville, KG
fc.,
&fc.,
My Lord,
most obedient
Humble Servant.
B Rhurch
fc.
15
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