HONG KOIG
"
of 3030k Isol
NO. 54 of 1935.
I assent.
\.T. „OUT::ORN,
JE
Officer Administering the Government.
rnment.
6th December, 1935.
An Ordinance to make provision for the establishment and management
of an Exchange Fund and to amend the law relating to Legal Tender in the Colony and to the Notes issued by certain banks.
Kong
6th December, 19
1936.7
Short
BE it emoted by the Governor o. Hong with the advice and consent of the Legislative Council thereof, as followB! —
1. This Ordinance may be cited as the Currency Ordinance, 1935.
title.
Inter-
pretation.
2.
In this Ordinance
*Foreign exchange" means all currencies other than Hong Kong ourrency and includes sterling and other mpire currencies.
"Note-issuing bank" means the Chartered Bank of India, Australia and China, the liongkon and Shanghai Banking Corporation and the Mercantile Bank of India Limited.
"Bank notes lawfully issued" means lotes issued in the Colony by Orinance any of the note-issuing banks (a) before the commenoement of this No. of Ordinance in accordance with the provisions of the Hongkong and Shanghai 1929.
Bank Ordinance, 1929, the Kercantile Bank Note Issue Ordinances, 1911 and Ordinance 1929, or the Charter of Incorporation of the Chartered Bank of India,
No.65 of 1911.
Australia and China, or any Supplemental Charter of that bank, and Ordinance (b) between the comencement or this Ordinance and the 13th day of July,
o.ll of 1939, in accordance with the above mentioned provisions as mouilied by this 1929. Ordinance.
Notes to be legal tender.
3. As from the co menomment of this Ordiname all bank notes lawfully issued shall be legal tender in the Colony to any amount and any liability, whether incurred before or after the comencement of this Ordinance, to pay silver currency may, be discharged in such notes and in particular every bank note lawfully issued shall be deemed to be the
No comments yet.
Private notes are available after approval.