CO129-394 - Governor Sir May & Public Offices - 1912 [12] — Page 330

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Payment of drawn debentures.

Cesser of interest from day appointed for payment of principal

Redeemed debentures to be cancelled.

Borrowing upon inscribed stock.

day, not being later as to each debenture than the day on which the then current half year's

interest thereon is payable on which the principal moneys represented by the debentures

so distinguished will be repaid.

21.

On the day so appointed, the Crown

Agents shall, at their office in London, on demand, pay to the holders of the debentures drawn for repayment the principal moneys represented by those debentures, with all interest payable thereon up to that day.

22.

From and after the day appointed for the repayment of any debenture all interest on the principal moneys represented thereby shall cease and determine, whether payment of the principal shall have been demanded or not.

23.

Upon the repayment of the principal moneys represented by any debenture, the debenture with all the coupons thereunto belonging shall be delivered up to the Crown Agents, to be by them cancelled and forwarded.

Any debenture to the Government of Hong Kong. redeemed by purchase shall likewise be so

cancelled end forwarded.

24. When the Governor, or the Crown Agents acting on his behalf, shall deem it expedient to raise money by the issue of Hong Kong inscribed stock, then such stock shall be issued in England by the Crown Agents under the provisions of the Act of the Imperial

Parliament entitled "The Colonial Stock not 1877'

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