CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 42

No. 481

HONG KONG (REHABILITATION) LOAN.

[A.D. 1947

A.D. 1947 HONG KONG (REHABILITATION) LOAN.

[No. 48

(7) Every bond and coupon and the right to receive the principal and interest represented thereby shall be transferable by delivery.

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SCHEDULE.

(Section 4).

Items.

Amount in dollars.

Powers of Governor.

8. The Governor shall have power-

(a) to determine the time for any issue and redemption of bonds;

1. Agriculture, Forestry and Gardens.

1,470,000

2.

Air and Meteorological Services...

310,000

3.

Buildings

35,175,000

4.

Claims and Compensation

30,500,000

5.

Education

7,210,000

6. Harbour Facilities

5,450,000

1,715,000

8.

8,500,000

SU

30,270,000

24,400,000

Waterworks

Total:

5,000,000

150,000,000

Delivery up

repayment or

(b) to determine the amounts for which the bonds of any issue shall be issued and the rate of interest payable thereon;

(c) to determine the form of the bonds:

(d) to determine the terms upon which the bonds shall be issued; including power to determine the price of issue or the conditions of application and deposit or any other term whether or not of the same kind as the terms herein enumerated;

(e) to provide for the issue in the first instance of scrip certificates to be exchanged later for bonds;

(f) to provide for the issue of coupons for the pay- ment of interest;

(g) to determine the days on which the half-yearly interest is to be payable;

(h) to give any other necessary directions for the purpose of carrying out this Ordinance and for the manage- ment of the loan, provided that such directions are not inconsistent with the provisions of this Ordinance.

9. On the repayment of the principal moneys repre- of bonds on sented by any bond the bond shall, and on the repurchase of repurchase. any bond in accordance with the provisions of sub-section (6) of section 7 the bond may, together in either case with all outstanding coupons attached to such bond, be delivered up for cancellation either to the head office of the Hong Kong and Shanghai Banking Corporation or to the office of the Chartered Bank of India, Australia and China in Hong Kong.

7. Medical Services

Miscellaneous

9. Public Works

10. Railway

11.

Passed the Legislative Council of Hong Kong, this 17th day of December, 1947.

ALASTAIR TODD, Deputy Clerk of Councils.

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