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with the banking practice in this Colony. According to that
practice the amount in Hongkong currency in calculated according
to the rate of exchange on the actual date of payment.
This
seems reasonable, as exchange might vary considerably between
the day when the bill was payable and the day when it was actually
paid. The Ordinance amenda the principal Crdinance eo
agree with the local banking practice.
89 to
3. It is understood that the probable reason why this point
has not been raised in the United Kingdom is that most bills
drawn on London are drawn in eterling and that those drawn in
other countries currencies, e.g., francs, often contain a special
stipulation covering the above question of exchange.
4.
In my opinion this is an Ordinance to which His Excellency the Governor may properly assent in the name of His Majesty and
on His behalf.
Attorney
General.
حة
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