212536-1934-Supplementary-Bill-read-a-first-time--Hong-Kong-Dollar-Loan — Page 3

Delivery up of bonds on repayment or repurchase.

Amendment of Ordin-

384

the

(d) to determine the terms upon which the bonds shall be issued, whether with regard to the price of issue or conditions of application and deposit or otherwise:

(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 payment of interest;

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

() to determine the method by which the yearly drawings shall be carried out and

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

11. On the repayment of the principal moneys represented by any bond the bond shall, and on the repurchase of any bond in accordance with the provisions of Section 5 (9) the bond may, together in either case with all outstanding coupons attached to such bond, be delivered up for cancellation to the office of the Chartered Bank of India, Australia and China in Hong Kong.

12. Section 14 of the Trustees Ordinance, 1901. is amended by the addition of the following paragraph after of 1901, s. 14. paragraph (16) thereof :-

ance No. 5

Exemption

contribution.

(16A) any bonds issued under the authority of the Hong Kong Dollar Loan Ordinance, 1934.

13. All moneys appropriated out of the revenue and from defence assets of the Colony for the payment of interest on the bonds or for the redemption of bonds 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.

Schedule.

[s. 3.]

1. Aberdeen Valley Water Scheme

.$ 2,576,000

2. Shing Mun Valley Water Schemes

10,382,000

3. Vehicular Ferry

1,900,000

4. New Gaol at Stanley

4,681,000

5. Tytam Tuk Catchwaters

800,000

6. Air Port Development

895,000

7. Redemption of Hong Kong 31% Inscribed Stock

1918/43

3,400,000

8. Other Public Works

416,000

$25,000,000