CO129-394 - Governor Sir May & Public Offices - 1912 [12] — Page 335

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inking funds released to be disposed of.

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reation, inscription ssue,

conversion and ransfer of inscribed stock.

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328

such sinking funds, and such matters as the

trustees may think fit to take into account.

35.

So much of the sinking funds as may

be released shall either be transferred unto the

trustees of the inscribed stock sinking fund,

or be disposed of in such a manner as the

Governor, with the advice and consent of the

Legislative Council may direct.

36.

1

The Crown Agents may from time to time

at the request of the Governor, make arrangements

for all or any of the following things:-

(1)

(2)

For inscribing stock in their books.

For managing the creation, inscription, and issue of inscribed stocke.

(3)

For effecting the conversion of loans into inscribed stock.

(4)

For paying interest on inscribed stock and managing the transfers thereof.

(6)

For issuing inscribed stock certificaten to bearer, and, as often as occasion shall require, re-inscribing them.

haising of loans in

Repeal of Ordinance

0 1 of 1893.

Saving Clause.

37. This Ordinance shall be applicable only

to the raising of loans in England, and nothing

in this Ordinance contained shall prevent the

raising of loans in the Colony upon such terms

and conditions as shall be specified in any

Ordinance authorising the raising of such Joans.

38. The General Loan and Inscribed Stock

Ordinance 1893 is hereby repealed.

39.

Nothing in this Ordinance or in the

repeal of Ordinance No 1 of 1893 shall affect

the rights of any person who holds stock or

bonds issued under the authority of Ordinance