WAR LOAN.
No. 12 of 1916.
2463
(f) to determine the days on which the half-yearly interest is to be payable;
(g) to give the necessary directions for the redemption of the bonds whether by drawing or purchase;
(h) to give any other necessary directions for the purpose of carrying out this Ordinance and for the management of the loan, provided that such directions are not inconsistent with the provisions of this Ordinance.
and taxes.
12. Bonds issued under this Ordinance and the principal and interest represented thereby shall be exempt from all duties and all taxes now leviable or which may hereafter be leviable in the Colony.
repayment
13. On the repayment of the principal moneys represented by any bond and on the repurchase of any bond, the bond shall be delivered up to the Hongkong and Shanghai Banking Corporation and shall be cancelled by the said Corporation.
Contribution.
*
14. All moneys appropriated out of the revenue and assets of the Colony for the payment of the interest on the bonds and for the formation of the sinking fund, and all dividends, interest or produce of any investments which represent any portion of the sinking fund, shall be deducted from the Colonial revenues before the calculation of the sums payable to His Majesty's Government under the Defence Contribution Ordinance, 1901.
Ordinance No. 1 of 1901.
No. 13 of 1916, incorporated in No. 5 of 1901.
No. 14 of 1916 and No. 15 of 1916, repealed by Law Revision Ordinance, 1924.
* As amended by No. 1 of 1917.
WAR LOAN.
No. 12 of 1916.
2463
(f) to determine the days on which the half-yearly interest is to be payable;
(g) to give the necessary directions for the redemption of the bonds whether by drawing or purchase;
(h) to give any other necessary directions for the purpose of carrying out this Ordinance and for the management of the loan, provided that such directions are not inconsistent with the provisions of this Ordinance.
and taxes.
12. Bonds issued under this Ordinance and the principal Exemption and interest represented thereby shall be exempt from all from duties duties and all taxes now leviable or which may hereafter be leviable in the Colony.
repayment
13. On the repayment of the principal moneys represented Delivery up by any bond and on the repurchase of any bond, the bond of bonds on shall be delivered up to the Hongkong and Shanghai Bank- or repurchase. ing Corporation and shall be cancelled by the said Corpora- tion.
Contribution.
*
14. All moneys appropriated out of the revenue and assets Exemption of the Colony for the payment of the interest on the bonds from Defence and for the formation of the sinking fund, and all dividends, interest or produce of any investments which represent any portion of the sinking fund, shall be deducted from the Colonial revenues before the calculation of the sums payable to His Majesty's Government under the Defence Contribution Ordinance, 1901.
Ordinance No. 1 of 1901.
No. 13 of 1916, incorporated in No. 5 of 1901.
No. 14 of 1916 and No. 15, of 1916, repealed by
Law Revision Ordinance, 1924.
* As amended by No. 1 of 1917.
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