CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 88

HONG KONG.

No. 44 of 1936.

I assent.

L.S.

A. CALDECOTT,

Governor.

27th November, 1936.

An Ordinance to amend the Currency Ordinance, 1935.

[27th November, 1936.]

BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:

1. This Ordinance may be cited as the Currency Amend- ment Ordinance, 1936.

Short title.

2. Sub-section (5) of section 5 of the Currency Amendment Ordinance, 1935, is amended by the deletion of the word of Ordinance "Nothing

at the commencement thereof and by the N545 substitution therefor of the words :-

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"Notwithstanding anything contained in the Ordinances or Charters relating to the note issuing banks, any security, which is required by the said Ordinances or Charters or otherwise to be held in silver coin or silver bullion against their Hong Kong notes, whether issued before or after the coming into operation of this Ordinance, may be held in certificates of indebtedness instead of silver coin or silver bullion. But nothing ".

3. Section 6 of the Currency Ordinance, 1935, is amended-

of 1935, 8. 5 (5).

Amendments to Ordinance No. 54 of

(i) by renumbering sub-sections (3) and (4) as sub- 1935, s. 6. sections (4) and (5) thereof;

(ii) by inserting the following new sub-section after sub-

section (2) thereof:-

(3) There shall be charged to the fund-

(a) expenses incidental to the purchase or sale of silver

and its shipment to or from Hong Kong:-

(b) expenses incidental to the remuneration, cost of passages and superannuation in respect of officers employed. in connexion with the management of the fund including any appropriate share of such expenses in respect of the services

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