1937_BILLS_OF_EXCHANGE_ORDINANCE__1885 — Page 31

HK Historical Laws 香港歷史法例 All AI Reviewed

BILLS OF EXCHANGE.

عالية والجي امة

No. 3 of 1885.

219

(a) where a bill is issued out of this Colony, it is not invalid by reason only that it is not stamped in accordance with the law of the place of issue;

(b) where a bill issued out of this Colony conforms, as regards requisites in form, to the law of this Colony, it may, for the purpose of enforcing payment thereof, be treated as valid as between all persons who negotiate, hold, or become parties to it in this Colony;

(2) subject to the provisions of this Ordinance, the interpretation of the drawing, indorsement, acceptance, or acceptance supra protest of a bill is determined by the law of the place where such contract is made: Provided that where an inland bill is indorsed in a foreign country, the indorsement shall, as regards the payer, be interpreted according to the law of this Colony;

(3) the duties of the holder with respect to presentment for acceptance or payment and the necessity for or sufficiency of a protest or notice of dishonour, or otherwise, are determined by the law of the place where the act is done or the bill is dishonoured;

(4) where a bill is drawn out of but payable in this Colony and the sum payable is not expressed in the currency of this Colony, the amount, if the bill is paid in this Colony and in the currency of this Colony, shall, in the absence of any express stipulation, be calculated according to the rate of exchange for sight drafts in this Colony on the day on which the bill is actually paid; and

(5) where a bill is drawn in one country and is payable in another, the due date thereof is determined according to the law of the place where it is payable.

PART III.

CHEQUES ON A BANKER.

73.-(1) A cheque is a bill of exchange drawn on a banker payable on demand.

(2) Except as otherwise provided in this Part, the provisions of this Ordinance applicable to a bill of exchange payable on demand apply to a cheque.

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BILLS OF EXCHANGE. عالية والجي امة No. 3 of 1885. 219 (a) where a bill is issued out of this Colony, it is not invalid by reason only that it is not stamped in accordance with the law of the place of issue; (b) where a bill issued out of this Colony conforms, as regards requisites in form, to the law of this Colony, it may, for the purpose of enforcing payment thereof, be treated as valid as between all persons who negotiate, hold, or become parties to it in this Colony; (2) subject to the provisions of this Ordinance, the interpretation of the drawing, indorsement, acceptance, or acceptance supra protest of a bill is determined by the law of the place where such contract is made: Provided that where an inland bill is indorsed in a foreign country, the indorsement shall, as regards the payer, be interpreted according to the law of this Colony; (3) the duties of the holder with respect to presentment for acceptance or payment and the necessity for or sufficiency of a protest or notice of dishonour, or otherwise, are determined by the law of the place where the act is done or the bill is dishonoured; (4) where a bill is drawn out of but payable in this Colony and the sum payable is not expressed in the currency of this Colony, the amount, if the bill is paid in this Colony and in the currency of this Colony, shall, in the absence of any express stipulation, be calculated according to the rate of exchange for sight drafts in this Colony on the day on which the bill is actually paid; and (5) where a bill is drawn in one country and is payable in another, the due date thereof is determined according to the law of the place where it is payable. PART III. CHEQUES ON A BANKER. 73.-(1) A cheque is a bill of exchange drawn on a banker payable on demand. (2) Except as otherwise provided in this Part, the provisions of this Ordinance applicable to a bill of exchange payable on demand apply to a cheque.

Baseline (Original)

BILLS OF EXCHANGE. عالية والجي امة No. 3 of 1885. 219 (a) where a bill is issued out of this Colony, it is not invalid by reason only that it is not stamped in accordance with the law of the place of issue; (b) where a bill issued out of this Colony conforms, as regards requisites in form, to the law of this Colony, it may, for the purpose of enforcing payment thereof, be treated as valid as between all persons who negotiate, hold, or become parties to it in this Colony; (2) subject to the provisions of this Ordinance, the inter- pretation of the drawing, indorsement, acceptance, or acceptance suprà protest of a bill is determined by the law of the place where such contract is made: Provided that where an inland bill is indorsed in a foreign country, the indorsement shall, as regards the payer, be interpreted according to the law of this Colony; (3) the duties of the holder with respect to presentment for acceptance or payment and the necessity for or sufficiency of a protest or notice of dishonour, or otherwise, are determined by the law of the place where the act is done or the bill is dishonoured; (4) where a bill is drawn out of but payable in this Colony and the sum payable is not expressed in the currency of this Colony, the amount, if the bill is paid in this Colony and in the currency of this Colony, shall, in the absence of any express stipulation, be calculated according to the rate of exchange for sight drafts in this Colony on the day on which the bill is actually paid; and (5) where a bill is drawn in one country and is payable in another, the due date thereof is determined according to the law of the place where it is payable. PART III. CHEQUES ON A BANKER. 73.-(1) A cheque is a bill of exchange drawn on a banker Definition of payable on demand. (2) Except as otherwise provided in this Part, the provisions of this Ordinance applicable to a bill of exchange payable on demand apply to a cheque. cheque.

2026-05-03 13:24:55 · Baseline

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