51234-1917-Ordinances-passed-and-assented-to--Supp — Page 4

THE HONGKONG GOVERNMENT GAZETTE, JUNE 8, 1917.

HONGKONG.

No. 17 of 1917.

I assent to this Ordinance.

F. H. MAY,

LS

Governor.

8th June, 1917.

An Ordinance to amend further the War Loan

Ordinance, 1916.

[8th June, 1917.]

Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited as the War Loan Short title. Second Amendment Ordinance, 1917, and shall be readi Ordinances and construed as one with the War Loan Ordinance. 1916, Nos. 12 of and with the War Loan Amendment Ordinance, 1917, and 1916 and 1 this Ordinance and the said Ordinances may be cited of 1917. together as the War Loan Ordinances, 1916 and 1917.

2. Section 4 of the War Loan Ordinance, 1916, is Repeal of repealed and the following section is substituted there- Ordinance

No. 12 of 1916, s. 4, and sub-

for :-

Redemption. 4.-(1.) Subject to the provisions of sub- stitution of

sections (2) to (8), both inclusive, of this a new section, the bonds shall be redeemable at par section. on the 1st day of November, 1928, from and after which date all interest on the principal moneys represented thereby shall cease and determine, whether payment of the principal shall have been demanded or not.

(2.) At any time or times after the 31st day of October, 1921, the Governor may approve of the redemption by purchase of bonds of such denominations and to such respective total nominal values as he may from time to time determine.

(3.) At any time or times after the 31st day of October, 1921, the Governor may appoint a day for the drawing by lot of bonds of such denominations and to such respective total nominal values as he may from time to .time determine.

(4.) If a day is appointed by the Governor for drawing, the Colonial Treasurer shall give, by advertisement in the Gazette, not less than fifteen days previous notice, specifying the day op which, and the hour and place at which, the drawing will take place, and the denominations and respective total nominal values of the bonds to be drawn.

(5.) On the day and at the hour and place so specified the Colonial Treasurer shall hold a meeting, at which the holder of any bond may, if he think fit, be present, and shall then in the presence of such bond holders, if any, as may attend, draw by lot, out of the whole number of bonds for the time being outstanding of the respective denominations specified, bonds to such respective total nominal values as shall have been specified.

(6.) The Colonial Treasurer shall there- upon declare the distinguishing numbers of the bouds drawn for redemption, and shall, as soon

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