THE HONGKONG GOVERNMENT GAZETTE, 9TH MAY, 1885.
[L.S.]
G. F. BOWEN.
No. 9 OF 1885.
An Ordinance enacted by the Governor of Hong-kong, with the advice of the Legislative Council thereof, entitled The Bills of Exchange Ordinance.
BE
[4th May, 1885.]
E it enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:-
PART I
PRELIMINARY.
1. This Ordinance may be cited as the Bills of Exchange Ordinance, 1885.
2. In this Ordinance, unless the context otherwise requires,-
"Acceptance" means an acceptance completed by delivery or notification.
"Action" means "Suit or Action" and includes counter-claim and set off.
"Banker" includes a Body of persons whether incorporated or not who carry on the business of banking.
"Bankrupt" includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy.
"Bearer" means the person in possession of a bill or note which is payable to bearer.
"Bill" means bill of exchange, and "note" means promissory note.
"Delivery" means transfer of possession, actual or constructive, from one person to another.
"Holder" means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof.
"Indorsement" means an indorsement completed by delivery.
"Issue" means the first delivery of a bill or note, complete in form to a person who takes it as a holder.
"Person" includes a body of persons whether incorporated or not.
"Value" means valuable consideration.
"Written" includes printed, and "writing" includes print.
Short title.
Interpretation of terms.
PART II.
BILLS OF EXCHANGE.
Form and Interpretation.
3. (1.) A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
(2.) An instrument which does not comply with these conditions, or which orders any act to be done in addition to the payment of money, is not a bill of exchange.
(3.) An order to pay out of a particular fund is not unconditional within the meaning of this section; but an unqualified order to pay, coupled with (a) an indication of a particular fund out of which the drawee is to re-imburse himself or a particular account to be debited with the amount, or (b) a statement of the transaction which gives rise to the bill, is unconditional.
Bill of Exchange defined.
Page 407
THE HONGKONG GOVERNMENT GAZETTE, 9TH MAY, 1885.
[L.S.]
G. F. BowEN.
No. 9 OF 1885.
An Ordinance enacted by the Governor of Hong- kong, with the advice of the Legislative Council thereof, entitled The Bills of Exchange Ordi-
nance.
BE
[4th May, 1885.]
E it enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:-
PART I
PRELIMINARY.
1. This Ordinance may be cited as the Bills of Exchange Ordinance, 1885.
2. In this Ordinance, unless the context otherwise requires,-
"Acceptance means an acceptance completed by
delivery or notification.
"Action" means "Suit or Action" and includes counter
claim and set off.
"Banker" includes a Body of persons whether incorpo- rated or not who carry on the business of banking. Bankrupt" includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy.
13
Bearer means the person in posession of a bill or
note which is payable to bearer.
"Bill" means bill of exchange, and “noto" means
promissory note.
#
'Delivery" means transfer of possession, actual or
constructive, from one person to another.
"Holder" means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof. "Indorsement" means an indorsement completed by
delivery.
"Issue" means the first delivery of a bill or note, complete in form to a person who takes it as a holder.
看看
'Person" includes a body of persons whether incorpo-
rated or not.
"Value" means valuable consideration.
"Written" includes printed, and "writing" includes
print.
Short title.
Interpretation of terms.
PART II.
BILLS OF EXCHANGE.
Form and Interpretation.
3. (1.) A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
(2.) An instrument which does not comply with these conditions, or which orders any act to be done in addition to the payment of money, is not a bill of exchange.
(3.) An order to pay out of a particular fund is not unconditional within the meaning of this section; but an unqualified order to pay, coupled with (a) an indication of a particular fund out of which the drawee is to re-imburse himself or a particular account to be debited with the amount, or (b) a statement of the transaction which gives rise to the bill, is unconditional.
Bill of
Exchange
defined.
407
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