CO129-546-1 Loans for public works 6-1-1934 - 14-8-1934 — Page 45

Heng Kang

Haround

Repent of

14.6.34.

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HONG KONG LEGISLATIVE COUNCIL.

kong and Shanghai Banking Corporation to Clauses 5 (7), 9 and 11. By arrangement with the two banks they will both manage the loan. I should like to add that the prospectus is now in the press and copies will be available to-morrow morning at my office or at the Banks, and copies of application forms will also be available. Applications will be received on the 21st.

THE COLONIAL SECRETARY seconded, and the Bill was read a second time.

Council then went into Committee to consider the Bill clause by clause.

Clause 5 (7).

THE COLONIAL TREASURER.-I move an amendment in Clause 5 (7) in the 4th line after the word "payable"-the insertion of the words "either at the head office of the Hongkong and Shanghai Banking Corporation or".

to.

THE COLONIAL SECRETARY seconded, and this was agreed

Clause 9.

THE COLONIAL TREASURER.-In Clause 9, 4th line, after the word "yearly" insert the words "either at the head office of the Hong Kong and Shanghai Banking Corporation or".

to.

THE COLONIAL SECRETARY seconded, and this was agreed

Clause 11.

THE COLONIAL TREASURER.-In this Clause in the 6th line after the word "cancellation" insert the words "either at the head office of the Hongkong and Shanghai Banking Corporation or".

to.

THE COLONIAL SECRETARY seconded, and this was agreed

H.E. THE GOVERNOR.-I rule that these amendments are not material.

Upon Council resuming,

THE COLONIAL TREASURER reported that the Bill had passed through Committee with immaterial amendments and moved the third reading.

THE COLONIAL SECRETARY seconded, and the Bill was read a third time and passed.

ADJOURNMENT.

H.E. THE GOVERNOR. Council stands adjourned until June 28th.