197663-1933-Ordinances-passed-and-assented-to--Supreme-Court-Amendment-No-12-of-1933-Code-of-Civil-Procedure-Amendment-No-2--No-13-of1933-Probates-Amendment-No-14-of-1933-Public-Works-Loan-Redemption--No-15-of-1933 — Page 10

476

THE HONG KONG GOVERNMENT GAZETTE, JUNE 23, 1933.

Delivery up of bonds and coupons for cancellation on payment or exchange.

Ordinance No. 14 of 1927.

Powers of the Governor,

Exemption from defence

11. On the repayment of the moneys represented by any Conversion bond or coupon issued under this Ordinance, or on the repayment of the moneys represented by any bond or coupon issued under the Public Works Loan Ordinance, 1927, or on the giving of any such bonds in exchange for a Conversion bond (or for a scrip certificate to be exchanged later for a Conversion bond), the bond or coupon paid off or given in exchange shall be delivered up to the Hong Kong and Shanghai Banking Corporation and shall be cancelled by the said Corporation.

12. The Governor shall have power:

(a) to determine the amounts for which the conversion bonds shall be issued:

(b) to determine the form of the Conversion bonds; (c) to provide for the issue in the first instance of scrip certificates to be exchanged later for the bonds

(d) to provide for the issue of coupons for the payment of interest;

(e) to determine the days on which the half yearly interest is to be payable; and

(f) to give any directions necessary for the purpose of carrying out this Ordinance and not inconsistent with its provisions.

13. All moneys appropriated out of the revenue and assets of the Colony for the payment of the interest on the contribution. Conversion bonds and for the formation of a sinking fund,

and all dividends, interest or produce of any investments. which represent any portion of the sinking fund, shall be deducted from the Colonial revenues before the calculation of the sums payable to His Majesty's Government under the Defence Contribution Ordinance, 1901.

Ordinance

No. 1 of 1901.

Amendment

of Ordin-

14. Paragraph (16) of section 14 of the Trustees Ordin- ance No. 5 of ance. 1901, as enacted by section 14 of the Public Works Loan Ordinance, 1927, is repealed and the following paragraph is substituted therefor :

1901, s. 14.

Ordinance No. 14 of 1927.

Repeal of Ordinance No. 14 of 1927.

(16) in any Conversion bonds issued under the Authority of the Public Works Loan Redemption Ordinance, 1933.

15. The Public Works repealed.

Loan

Ordinance, 1927,

IS

Passed the Legislative Council of Hong Kong, this 22nd day of June, 1933.

A. W. G. H. GRANTHAM,

Deputy Clerk of Councils.

!