CO129-554-17 Tokens Ordinance 1935 14-6-1935 - 19-6-1935 — Page 4

Enclosure No.2.

ATTORNEY GENERAL'S CHAMBERS,

Hong Kong, ... 14th June.,.1935.

REPORT ON ORDINANCE No.

26.......of 193 5.

1. I have examined the accompanying Ordinance intituled

An Ordinance to prevent the making, issuing and circu-

lating of pieces of metal usually called tokens.

2. A local bus company recently put into circulation

a private nickel token about the size of a five cent

piece marked with the name of the Company and with the

words "good for five cents". On protest being made the

Company withdrew the tokens from circulation but at the

same time asserted a right to re-issue them should cir-

cumstances arise which in their view would justify them

in adopting that course.

3. This attitude of the Company made it necessary to

pass this Ordinance to make it clear that the manufacture,

issue and circulation in the Colony of pieces of metal,

not being money, as tokens for money is prohibited.

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The importation and circulation of silver, nickel,

copper and bronze coins is regulated by Ordinances No.15

of 1913, and No.11 of 1912.

5. The right to authorise the issue of metallic tokens

as money or as the equivalent of money is a prerogative

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