THE HONGKONG GOVERNMENT GAZETTE, 27TH MARCH, 1886.
Form II.
I, [then follows as in last form] declare that I have ceased to be the Printer [or Publisher or Printer and Publisher] of the Newspaper entitled [here insert name of paper.]
[Signature and Declaration as in last form.]
Form of Declaration under s. 6.
Form III.
I, [then follows as in Form I] the Printer [or Publisher or Printer and Publisher] of the Newspaper entitled [state name] declare that [state full name] has ceased to be the proprietor [or a proprietor] of the said Newspaper entitled [state name] and that [state full names with his or their occupation, place of business (if any) and place of residence] is [or are] now the proprietor [or proprietors] thereof.
[Signature of Person making Declaration.]
Declared as in Form I.
Form of Declaration under ss. 7, 9.
Form IV.
I, [state name and place of residence] declare that I have a Press for Printing at [here state the place where the Press is kept giving a true and precise description of the premises].
Form of Declaration under s. 19.
[Signature and Declaration as in Form I.]
LS
W. H. MARSH.
No. 7 OF 1886.
An Ordinance enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof to repeal the Usury Laws and to fix a legal rate of interest.
[24th March, 1886.]
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 Usury Ordinance, 1886.
2. Ordinance No. 7 of 1844, and so much of Ordinance No. 5 of 1856 as relates to the Act of the 17th and 18th years of Her Majesty the Queen Victoria, chapter 90, are hereby repealed. Notwithstanding the repeal of the said Ordinances, the Acts and part of Acts repealed by the said Act of the 17th and 18th year of Her said Majesty shall have no force in this Colony.
3. Where interest is payable upon any contract, express or implied, for payment of the legal or current rate of interest, or where upon any debt or sum of money interest is payable by any rule of law, such rate of interest shall be recoverable, as if this Ordinance had not been passed.
4. Where interest is payable on any contract, express or implied, or on any debt or sum of money, but the rate of such interest is not fixed by the contract or by the parties or rule of law, the rate thereof shall not exceed $8 per cent. per annum. Provided always that it shall be lawful for the Supreme Court of Hongkong and every other Court having jurisdiction within the Colony, in awarding interest in any action, suit or matter, to allow a lower rate of interest, if the circumstances of the case render it just and expedient.
5. Nothing herein shall be taken to affect or repeal any Ordinance relating to Pawnbrokers.
Short Title.
Repeal of No. 7 of 1844, No. 5 of 1856, in part and Exclusion of English Law.
[Re-enactment of No. 7 of 1844, s. 1.]
Recovery of interest.
Rate of interest where no agreement, &c. [17 and 18 V. c. 90 s. 2.]
Not to affect Ordinances relating to Pawnbrokers.
ARATHOON SETH,
Clerk of Councils.
223
7
THE HONGKONG GOVERNMENT GAZETTE, 27TH MARCH, 1886.
Form II.
I, [then follows as in last form] declare that I have ceased to be the Printer [or Publisher or Printer and Publisher] of the News- paper entitled [here insert name of paper.]
[Signature and Declaration as in last form.]
Form of Declaration under s. 6.
Form III.
I, [then follows as in Form I] the Printer [or Publisher or Printer and Publisher] of the Newspaper entitled [state name] declare that [state full name] has ceased to be the proprietor [or a proprietor] of the said Newspaper entitled [state name] and that [state full names with his or their occupation, place of business (if any) and place of residence] is [or are] now the proprietor [or proprietors]
thereof.
[Signature of Person making Declaration.]
Declared as in Form I.
Form of Declaration under se. 7, 9.
Form IV.
1, [state name and place of residence] declare that I have a Press for Printing at [here state the place where the Press is kept giving a truc and precise description of the premises.}
Form of Declaration under s. 19.
[Signature and Declaration as in Form I.]
LS
W. H. MARSH.
!
No. 7 OF 1886.
An Ordinance enacted by the Governor of Hong- kong, with the advice of the Legislative Council thereof to repeal the Usury Laws and to fix a legal rate of interest.
[24th March, 1886.]
E it enacted by the Governor of Hongkong, with the advice of the Legislative Council thereof, as
BE the advice
follows:-
1. This Ordinance may be cited for all purposes as The Usury Ordinance, 1886.
2. Ordinance No. 7 of 1844, and so much of Ordinance No. 5 of 1856 as relates to the Act of the 17th and 18th years of Her Majesty the Queen Victoria, chapter 90, are hereby repealed. Notwithstanding the repeal of the said Ordinances, the Acts and part of Acts repealed by the said Act of the 17th and 18th year of Her said Majesty shall have no force in this Colony.
3. Where interest is payable upon any contract, express or implied, for payment of the legal or current rate of interest, or where upon any debt or sum of money interest is payable by any rule of law, such rate of interest shall be recoverable, as if this Ordinance had not been passed.
4. Where interest is payable on any contract, express or implied, or on any debt or sum of money, but the rate of such interest is not fixed by the contract or by the parties or rule of law, the rate thereof shall not exceed $8 per cent, per annum. Provided always that it shall be lawful for the Supreme Court of Hongkong and every other Court having jurisdiction within the Colony, in awarding interest in any action, suit or matter, to allow a lower rate of interest, if the circumstances of the case render it just and expedient. 5. Nothing herein shall be taken to affect or repeal any Ordinance relating to Pawnbrokers.
Short Title.
Repeal of
No. 7 of 1844, No. 5 of 1856, in part and Exclusion of English Law.
,
[Re-enact- ment of No. 7 of 1844, s. 1.]
Recovery of interest.
Rate of interest where no agreement, &e. [17 and 18 V. c.90 s. 2.}
Not to affect Ordinances relating to Pawnbrokers,
[[bich B. 3.]
ARATHOON SETH,
Clerk of Councils.
223
强
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