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THE HONGKONG GOVERNMENT GAZETTE, 20TH OCTOBER, 1905.
GOVERNMENT NOTIFICATION.—No. 695.
His Excellency the Governor has given his assent, in the name and on behalf of His Majesty the KING, to the following Ordinance passed by the Legislative Council :-
Ordinance No. 11 of 1905.—An Ordinance for raising the sum Two Million Pounds by Loan for the purpose of defraying the cost of a Railway from Kowloon and for other Railway purposes.
By Command,
Colonial Secretary's Office, Hongkong, 20th October, 1905.
T. SERCOMBE SMITH,
Colonial Secretary.
Short title.
Power to Governor to borrow £2,000,000, No. 1 of 1893.
Contribution
to Sinking Fund.
No. 11 or 1905.
An Ordinance for raising the sum of Two Million Pounds by Loan for the purpose of defraying the cost of a Railway from Kowloon and for other Railway purposes.
LS
M. NATHAN,
Governor.
[16th October, 1905.]
WHEREAS it is expedient to give authority to the Gov- ernor to raise as occasion requires loans not exceeding Two Million Pounds in all for the purpose of defraying the cost of a Railway from Kowloon and for other Railway purposes.
Be it therefore enacted by the Governor of Hongkong, with the advice and consent of the Legislative Commeil thereof, as follows:--
1. This Ordinance may be cited as the Railways Loan Ordinance, 1905.
2. The Governor may as occasion requires borrow sums not exceeding Two Million Pounds in all by the sale of Inscribed Stock under the provisions of the General Loan and Inscribed Stock Ordinance, 1893.
3. The contribution to the Sinking Fund as contemplated in Sections 7 and 8 of the said Ordinance shall commence at the expiration of five years from the date on which the interest on the Inscribed Stock to be issued under this
Ordinance shall begin to accrue.
Passed the Legislative Council of Hongkong, this 13th day of October, 1905.
A. G. M. FLETCHER, Clerk of Councils.
Assented to by His Excellency the Governor, the 16th day of October, 1905.
T. SERCOMBE SMITH,
Colonial Secretary.
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