CO129-469 - Governor Sir Stubbs - 1921 [9-12] — Page 91

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Enclosure 2.

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ATTORNEY GENERAL'S CHAMBERS,

Hongkong....AS.An..kw91 ́ ̧ 1921.

REPORT ON ORDINANCE No.............................of 9V 1921.

I have examined the accompanying Ordinance intituled

an Ordinance to amend further the Bills of Exchange Ordinance, 1885,

and I am of opinion that the Ordinance is one which is not contrary to the

Governor's Instructions.

Faragraph (4) of section 72 of the Bills of Exchange Ordinance, 1865, provides that where a bill is drawn out of but payable in this Colony, and the sun payable is not expressed in the currency of this Colony, the amount shall, in the absence of some express stipulation,

be calculated according to the rate of exchange for sight drafts at

the place of payment on the day that the bill is payable. paragraph was a copy of paragraph (4) of section 72 of the Bills of

It is not in accordanoe Exchange Act, 1882, 45 and 46 Vict. c.61.

This