CO129-394 - Governor Sir May & Public Offices - 1912 [12] — Page 325

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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he or they may deem expedient, raise such sum

either by debentures or by Hong Kong inscribed

stock, or partly by debentures and partly by

inscribed stock.

318

Loans to be a charge upon general revenue

3. The principal moneys and interest

represented by the debentures or inscribed stock

issued under the provisione of this Ordinance are

hereby charged upon and shall be payable out of

the general revenues and assets of the Colony of

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Amount of each debenture.

Debentures may be redeemed by annual drawings or by pur chase in the Market or on a Fixed date.

4. When the Governor, or the Crown Agents

acting on his behalf, shall deem it expedient to

raise money by debentures, such debentures shall

be issued in London on behalf of the Government of

Hong Kong by the Crown Agents, upon the best and

most favourable terms that can be obtained, and

shall be signed by any one of them on that behalf.

5. Every debenture issued under the

provisions of this Ordinance shall be for the sum

of not less than one hundred pounds sterling, and

shall bear interest at a rate not exceeding five

per centum per annum.

6. The debentures shall be redeemable at

par at the option of the Government by purchase in

the market, or by annual drawings, or on'a date to

be named in that behalf by the Governor or by the

Crown agents acting on his behalf, as determined

when issuing the debentures, such date not being

later than sixty years from the date of issue, from

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