CO129-394 - Governor Sir May & Public Offices - 1912 [12] — Page 331

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

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324

upon the best and most favourable terms that can

be obtained, provided that the interest on such

inscribed stock shall not exceed four pounds per

centum per annum.

26.

All the inscribed stock which may be

created under the provisions of this Ordinance

shall be redeemable at par on a date to be named

in that behalf by the Crown agents when issuing the

stock, such date not being later than sixty years

from the date of issue, from and after which date

all the interest on the principal moneys represent-

ed thereby shall cease and determine, payment of the principal shall have been demanded

or not.

whether

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NOUN DAIvor

ode of providing for the payment of interest on inscribed

tock.

Vode of providing CALOja LeurTfor payment of prin-

cipal of inscribed

stock.

26.

So long as any of the inscribed stock

shall remain unredeemed, the Governor shall, in each half-year ending with the day on which the interest on such inscribed stock falls due, appropriate out of the general revenues and assets of the Colony a sum equal to one half year's interest on the whole of such inscribed stock, and shall remit that sum to the Crown Agents at such time as will enable them to pay thereout the then current half-year's interest án

the day when it falls due.

27.

After the date specified in the

Ordinance authorising an issue of inscribed stock as that on which the contribution to the

the Governor shall sinking fund shall commence, further appropriate out of the said revenues and assets in each half-year ending as aforesaid an additional sum for the formation of a sinking

fund of not less than ten shillings per centum

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