1970
ORDINANCES Nos. 10 AND 11 OF 1886.
Widows and Children Relief.
Loan.
Vide sec. 24, No. 12 of 1873.1
Not to affect duty on administration. Ibid, s. 6.
Schedule.
$20.
or tables of fees or alterations thereof shall have any force or effect until the same shall have been approved of by the Legislative Council of the Colony and published in the Gazette.
6. Nothing herein contained shall be construed to affect any duty now payable on letters of administration.
SCHEDULE.
Where the whole estate and effects of the intestate shall not exceed in value $100, the sum of $1: and where the whole estate and effects shall exceed in value $100, the sum of $1; and the further sum of 20 cents for every $50 or fraction of $50 by which the value shall exceed $100.
No. 11 of 1886.
Short title
Issue of debentures.
Principal and interest payable out of revenue.
Price of each debenture, interest; mode of paying off, &c.
An Ordinance to authorise the raising of a Loan not exceeding Two Hundred Thousand Pounds.
[7th May, 1886.]
WHEREAS it is expedient to raise on loan two hundred thousand pounds to be expended: Be it enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:
1. This Ordinance may be cited for all purposes as The Loan Ordinance, 1886.
2. It shall be lawful for the Governor to raise by the issue of debentures under this Ordinance any sum or sums not exceeding in the whole two hundred thousand pounds.
3. The principal moneys and interest, secured by the debentures issued under this Ordinance, are hereby charged upon and shall be payable out of the general revenues and assets of the Government of Hongkong.
4. Every debenture issued under this Ordinance shall be for a sum of not less than one hundred pounds sterling, carrying interest at a rate not exceeding four and a half per centum per annum payable half yearly, and shall be paid off at par at any time after the expiration of five years, but not later than twenty years from the date of issue, provided always that not less than six months' notice shall be given by advertisement, in the London Times newspaper, of the intention of the Government of Hongkong to pay off the debentures issued or a part thereof under and by virtue of this Ordinance, and provided also that the time fixed for such repayment shall be a day on which a coupon shall become due and payable.
1970
ORDINANCES Nos. 10 AND 11 OF 1886.
Widows and Children Relief.
Loan.
Vide sec. 24, No. 12 of 1873.1
Not to affect duty on admi- nistration. [1bid, s. 6.1
Schedule.
€20.
or tables of fees or alterations thereof shall have any force or effect until the same shall have been approved of by the Legislative Council of the Colony and published in the Gazette.
6. Nothing herein contained shall be construed to affect any duty. now payable on letters of administration.
SCHEDULE.
Where the whole estate and effects of the intestate shall not exceed in value $100, the sum of $1: and where the whole estate and effects shall exceed in value $100, the sum of $1; and the further sum of 20 cents for every $50 or fraction of $50 by which the value shall exceed $100.
No. 11 of 1886.
Short title
Issue of debentures.
Principal and interest payable out of revenue..
Price of each debenture, interest; mode of
paying off, &c.
An Ordinance to authorise the raising of a Loan not exceeding
Two Hundred Thousand Pounds.
[7th May, 1886.]
WHEREAS it is expedient to raise on loan two hundred thousand
pounds to be expended: Be it enacted by the Governor of Hong- kong, with the advice of the Legislative Council thereof, as follows:
1. This Ordinance may be cited for all purposes as The Loan Ordi- nance, 1886.
2. It shall be lawful for the Governor to raise by the issue of debentures under this Ordinance any sum or sums not exceeding in the whole two hundred thousand pounds.
3. The principal moneys and interest, secured by the debentures issued under this Ordinance, are hereby charged upon and shall be payable out of the general revenues and assets of the Government of Hongkong..
4. Every debenture issued under this Ordinance shall be for a sum of not less than one hundred pounds sterling, carrying interest at a rate not exceeding four and a half per centum per annum payable half yearly, and shall be paid off at par at any time after the expiration of five years, but not later than twenty years from the date of issue, provided always that not less th
six months' notice shall be given by advertisement, in the London Times newspaper, of the intention of the Government of Hongkong to pay off the debentures issued or a part thereof under and by virtue of this Ordinance, and provided also that the time fixed for such repayment shall be a day on which a coupon shall become due and payable.
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