218658-1935-Ordinance-passed-and-assented-to--Dollar-Currency-Notes-1935 — Page 1

THE HONG KONG GOVERNMENT GAZETTE, NOVEMBER 9, 1935. 1087

LEGISLATIVE COUNCIL.

No. 881. His Excellency the Officer Administering the Government has given his assent, in the name and on behalf of His Majesty the KING, to the following Ordinance passed by the Legislative Council:---

HONG KONG.

?

No. 42 OF 1935.

I assent.

L.S.

W. T. SOUTHORN,

Officer Administering the Government.

{

9th November, 1935.

An Ordinance to provide for the issue by the Treasurer of

one-dollar legal tender currency notes.

[9th November, 1935.]

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 Dollar Currency Short Notes Ordinance, 1935.

title.

2. It shall be lawful for the Treasurer to issue and reissue Power for one-dollar currency notes in the Colony.

the Trea-

surer to

issue and

reissue one- dollar

currency

notes.

3. Such notes shall be legal tender for the payment of Currency any amount.

notes to be legal tender.

4. The Treasurer shall establish a note security fund, into Note which he shall pay all monies he receives for such currency fund.

Security

notes. The fund shall be held on deposit at one or more banks in the Colony and shall be available for withdrawal from cir- culation of such portion of the issue of the said currency notes as the Treasurer may from time to time deem it desirable to withdraw provided that a portion of the fund may lie tem- porarily invested at the discretion of the Treasurer.

Passed the Legislative Council of Hong Kong, this 9th day of November, 1935.

H. R. BUTTERS, Deputy Clerk of Councils.

Printed and Published by NORONHA & Co., Printers to the Hong Kong Government.