WAR LOAN.
No. 12 of 1916.
2461
Gazette, not less than fifteen days previous notice, specifying the day on which, and the hour and place at which, the drawing will take place, and the denominations and respective total nominal values of the bonds to be drawn.
(5) On the day and at the hour and place so specified, the Colonial Treasurer shall hold a meeting, at which the holder of any bond may, if he thinks fit, be present, and shall then in the presence of such bond holders, if any, as may attend, draw by lot, out of the whole number of bonds for the time being outstanding of the respective denominations specified, bonds to such respective total nominal values as shall have been specified.
(6) The Colonial Treasurer shall thereupon declare the distinguishing numbers of the bonds drawn for redemption, and shall, as soon as may be, by advertisement in the Gazette, specify those numbers and appoint a day, not being earlier than fifteen days from the day of the drawing and not being later than the day on which the then current half-year's interest is payable, on which the principal moneys represented by the bonds so distinguished will be repaid.
(7) On the day so appointed there shall be paid to the holders of the bonds drawn for redemption, at the head office of the Hongkong and Shanghai Banking Corporation, the principal moneys represented by those bonds, with all interest payable thereon up to that day.
(8) From and after the day appointed for the repayment of any bond, all interest on the principal moneys represented thereby shall cease and determine, whether payment of the principal shall have been demanded or not.
5. Every bond and coupon and the right to receive the principal and interest represented thereby shall be transferable by delivery.
Transfer by delivery.
of interest.
6. The Governor shall in each half-year ending with the day on which the interest on the bonds falls due appropriate for payment out of the revenue and assets of the Colony a sum equal to one half-year's interest on the whole of the bonds outstanding in order that the interest for the said half-year may be paid therefrom.
WAR LOAN.
No. 12 of 1916.
2461
Gazette, not less than fifteen days previous notice, specifying the day on which, and the hour and place at which, the drawing will take place, and the denominations and respect- ive total nominal values of the bonds to be drawn.
(5) On the day and at the hour and place so specified, the Colonial Treasurer shall hold a meeting, at which the holder of any bond may, if he thinks fit, be present, and shall then in the presence of such bond holders, if any, as may attend, draw by lot, out of the whole number of bonds for the time being outstanding of the respective denominations specified, bonds to such respective total nominal values as shall have been specified.
(6) The Colonial Treasurer shall thereupon declare the distinguishing numbers of the bonds drawn for redemption, and shall, as soon as may be, by advertisement in the Gazette, specify those numbers and appoint a day, not being earlier than fifteen days from the day of the drawing and not being later than the day on which the then current half-year's interest is payable, on which the principal moneys repre- sented by the bonds so distinguished will be repaid.
(7) On the day so appointed there shall be paid to the holders of the bonds drawn for redemption, at the head office of the Hongkong and Shanghai Banking Corporation, the principal moneys represented by those bonds, with all · interest payable thereon up to that day.
(8) From and after the day appointed for the repayment of any bond, all interest on the principal moneys represented thereby shall cease and determine, whether payment of the principal shall have been demanded or not.
5. Every bond and coupon and the right to receive the Transfer by principal and interest represented thereby shall be transfer- delivery. able by delivery.
of interest.
6. The Governor shall in each half-year ending with the Provision day on which the interest on the bonds falls due appropriate for payment out of the revenue and assets of the Colony a sum equal to one half-year's interest on the whole of the bonds outstand- ing in order that the interest for the said half-year may be paid therefrom.
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