Hong Kong Dollar Loan.
CHAPTER 73.
HONG KONG DOLLAR LOAN.
[CAP. 73
To make provision for a loan of twenty-five million dollars for the carrying out of certain public works, for the redemption of certain inscribed stock, and for other purposes.
11 of 1934.
8 of 1939.
22 of 1947.
24 of 1950.
[15th June, 1934.]
This Ordinance may be cited as the Hong Kong Dollar Loan Ordinance.
Short title.
2. The Governor is hereby authorized from time to time to issue bonds to an amount sufficient to produce in the aggregate a sum not exceeding twenty-five million dollars and such further sum as may be necessary to defray the expenses of the issue and management of the loan.
Authority to issue bonds.
3. The principal moneys and interest represented by the bonds issued under the provisions of this Ordinance are hereby charged upon and shall be payable out of the revenue and assets of the Colony.
Loan to be a charge on revenue.
4
(1) The sum to be produced, not exceeding twenty-five million dollars in addition to the amount necessary to defray the expenses of issuing and managing the loan, may be raised by one or more issues of bonds in accordance with the provisions of this Ordinance.
22 of 1947, s. 2.
24 of 1950,
(2) The bonds of each such issue shall be redeemable at par on the 15th day of July in each of the twenty-five years following the year in which they were issued, at the annual rate of one twenty-fifth of such issue.
(3) At any time after the 1st day of January, 1935, in each successive year the Governor shall appoint a day, not being later than the 30th day of June, on which bonds to the value of one twenty-fifth of each such issue shall be drawn for redemption.
(4) When a day is appointed by the Governor for drawing, the Accountant General shall give, by advertisement in the Gazette, not less than fifteen days' previous notice.
487
Schedule.
1
Hong Kong Dollar Loan.
CHAPTER 73.
HONG KONG DOLLAR LOAN.
[CAP. 73
To make provision for a loan of twenty-five million dollars 11 of 1934. for the carrying out of certain public works, for the 8 of 1939. redemption of certain inscribed stock, and for other 24 of 1950. purposes.
22 of 1947.
[15th June, 1934.]
This Ordinance may be cited as the Hong Kong Short title. Dollar Loan Ordinance.
A.
2. The Governor is hereby authorized from time to time to issue bonds to an amount sufficient to produce in the aggregate a sum not exceeding twenty-five million dollars and such further sum as may be necessary to defray the expenses of the issue and management of the loan.
Authority to issue of bonds.
borrow by
a charge on
revenue.
3. The principal moneys and interest represented by Loan to be the bonds issued under the provisions of this Ordinance are general hereby charged upon and shall be payable out of the revenue and assets of the Colony.
[4
(1) The sum to be produced, not exceeding twenty- Redemption. five million dollars in addition to the amount necessary to 22 of 1947, s. 2. defray the expenses of issuing and managing the loan, may 24 of 1950, be raised by one or more issues of bonds in accordance with the provisions of this Ordinance.
(2) The bonds of each such issue shall be redeemable at par on the 15th day of July in each of the twenty-five years following the year in which they were issued, at the annual rate of one twenty-fifth of such issue.
(3) At any time after the 1st day of January, 1935, in each successive year the Governor shall appoint a day, not being later than the 30th day of June, on which bonds to the value of one twenty-fifth of each such issue shall be drawn for redemption.
(4) When a day is appointed by the Governor for drawing, the Accountant General shall give, by advertise- ment in the Gazette, not less than fifteen days' previous
487
Schedule.
1
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