492
1. This Ordinance may be cited for all purposes as "The Loan Ordinance of 1886".
2. It shall be lawful for the Governor to raise by the issue of Debentures under this Ordinance any sum or sums not exceeding in the whole a Hundred Thousand Pounds.
3. The principal moneys and interest secured by the Debentures issued under this Ordinance are hereby charged upon and shall be payable out of the General Revenues and assets of the Government of Hong Kong.
Every Debenture issued under this Ordinance shall be for a sum of not less than one hundred pounds sterling, carrying interest at a rate not exceeding four-and-a-half per centum per annum payable half-yearly, and shall be paid off at par at any time after the expiration of five years but not later than twenty years from the date of issue.
492
1. This ordinance
may
ao "The
be
cited for all purposes Loan Ordinance of 1886
"
2. It shall be lawful for
to raise
the Governor to
by the issue
of Debentures under this Ordinance any sum or sumo not exceeding un the whole a Hundred Thousand Poundo.
3.
The pricipal moneys
and
interest secured by the Debentures cosued under, this Orduiauce are
hereby charged upon and shall be payable out of the
General
Revenues and assets of the Government. of Hong Kong.
Every Debenture issued
under this Ordinance shall.. be for a sum of not less than one hundred pounds sterling, carrying interest at a rate not excreeding fowe-and- -a-half per centurs per annum payable half-yearly, and shall be paid off at pare at any after the expiration of five years but not later than twenty years
from
tirine.
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