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16012
24 OCT 98
C.O
SANDVIONED
7325
RECE
Rac 29 PR 96
No. 2 or 1895.
An Ordinance enacted by the Governor of long- kong, with the advice and consent of the Legis- lative Council thereof, to regulate the issne of Bank Notes.
LS
WILLIAM ROBINSON,
Governor.
[20th March, 1895.] DE it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
B
1. It shall not be lawful hereafter for any Bank to make, issue, or circulate within the Colony Bank Notes payable to bearer on demand except with the previons sanction of one of Her Majesty's Principal Secretaries of State signified through the Governor,
2. This Ordinance shall not affect any Bank Notes payable to bearer ou demand which are in circulation on the 20th day of March, 1895, nor shall it affect any right or privilege possessed by any Bank under Royal Charter or Ordinance of the Colony of issuing or re-issuing within the Colony Bills or Notes payable to bearer on demand.
3. Every Bank shall, upon the written application of the Colonial Treasurer, furnish him with a statement of its Bank Notes payable to bearer on demand in circulation on the 20th day of March, 1895. Such statement shall be signed by the banker, or manager, or agent and accountant of such Bank and shall be sufficient to enable any such Bank Notes in circulation on such day to be distinguished from those not then in circulation.
4. Io this Ordinance the word "Bank" includes any person, partnership, or company carrying on the business of banking within the Colouy.
Passed the Legislative Council of Hongkong, this 20th day of March, 1895.
Title.
Preadable.
Bank Note Jasne pro- hibited except
by zanetion.
of a Szotary
of State.
Existing Note is ca preserved.
Statement of existing Des
fage,
Definition ***Bank."
311
ARATHOON SETH, Clerk of Councils.
Assented to by His Excellency the Governor, the 20th day of March, 1895.
J. H. STEWART LOCKHART,
Acting Colonial Secretary.
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