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galDivong Icxpenses to be paid
ut of sinking fund.
owers of Governor. L.
on the total nominal amount of such inscribed
stock, and shall remit 'that sum to the Crown
Agents with the remittance hereinbefore mentioned.
28. The Crown Agents shall, for the purpose
of forming such sinking fund, from time to time
invest so much of the money so remitted, to them
as aforesaid as shall not be required for the
payment of interest for the current half-year in
the purchase of such securities as may from time
to time be approved by His Majesty's Principal
Secretary of State for the Colonies, and shall
also invest the dividends, interest, or produce of
such investments in the purchase of like securities,
and may from time to time, with the approval of
the Secretary of State, change any such investments,
and shall hold such fund in trust for repayment
of the principal moneys for the time being
represented by the inscribed stock.
29.
In case the sinking funds provided for
by this Ordinance shall be insufficient for the
payment of all the principal moneys borrowed under the authority of this Ordinance at the time the
same shall have become due, the Governor shall
make good the deficiency out of the generel
revenues and assets of the Colony of Hong Kong,
30. All expenses of or incidental to, the
management of the sinking fund, or to the payment
of the principal moneys borrowed, shall be paid
out of the sinking fund.
and may
31. The Governor shall also have,
from time to time exercise, the following powers
and authorities or any of them:
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