653176-1891-Bills-The-Widows-and-Orphans-Pensions-Amendment--The-Supplementary-Appropriation-1890 — Page 1

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THE HONGKONG GOVERNMENT GAZETTE, 4TH JULY, 1891.

539

BILL ENTITLED " AN ORDINANCE TO AMEND THE LAW IN RESPECT OF THE SALE OF SHARES IN COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCES 1865 TO 1886 AND IN OTHER JOINT STOCK COMPANIES."-Counsel for the Hongkong Sharebrokers' Association addressed the Council on the Bill.

Honourable J. J. KESWICK moved that the Bill be read a second time.

The Honourable P. RYRIE seconded.

The Acting Colonial Secretary moved that further consideration of the Bill be postponed till next meeting of Council.

The Acting Attorney General seconded.

Question put-that further consideration be postponed-and agreed to.

ADJOURNMENT.—The Council then adjourned till Friday, the 26th June, at 3 P.M.

Read and confirmed, this 3rd day of July, 1891.

A. M. THOMSON,

Acting Clerk of Councils. ·

G. DIGBY BARKER,

Officer Administering the Government.

GOVERNMENT NOTIFICATION.—No. 287.

The following Bills, which were read a first time at a Meeting of the Legislative Council held this day, are published for general information.

Council Chamber, Hongkong, 3rd July, 1891..

A. M. THOMSON, Acting Clerk of Councils.

A BILL

ENTITLED

An Ordinance to amend The Widows' and Orphans' Pensions Ordinance, 1890.

E it enacted by the Governor of Hongkong, with the

Be it che tand by then to the Legislative Council thereof,

as follows:---

1. Section 5 of Ordinance. No. 30 of 1890 is hereby amended by inserting the words "at the rate of six per cent" after the word "interest" and before the word "which." 2. Section 13 of the said Ordinance is hereby amended by striking out the words :-

"Each contributor shall be entitled to be credited in "the Colonial Treasurer's books with compound "interest on his contributions at the rate of six per 'cent, computed half-yearly as aforesaid" from the said, section.

3. Sub-section 1 of Section 14 of the said Ordinance is hereby amended by substituting the word "contributed" for the word "served."

4. Section 16 of the said Ordinance is hereby repealed, and in lieu thereof the words following shall be substituted:-

A public officer who may retire from the public service or who may be deprived of the situation in respect of which he contributed to the fund, but who shall not be granted a pension or compassionate or su- perannuation allowance, may continue to contribute to the fund from and after the date of his so retiring or being deprived of his situation, on the salary he was receiving at such date and at the same rate and subject to the same terms and conditions as if he had continued in the public service. In the event of his failing so to continue to contribute, or in the event of any contribution due from him being six months in arrears, it shall be considered that he has ceasel to contribute to the fund, and his widow or widow and children, as the case may be, shall be entitled on his death only to a pension computed on the basis of the interest acquired by such contributor in the fund at the date of his so retiring or being deprived of his situation, in accordance with the tables contained in Schedule B.

Amendment

of Sec. 5 ut Ordinance 30 of 1890.

Amendment.

of Section 13 of 30 of 1890,

Amendment

of Sec. 14 sub. So. 1 of 30 of 1800.

Section substituted for sec. 16 of 30 of 1800.

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