1987 Ed.]
Exchange Fund
[CAP. 66
1
CHAPTER 66
EXCHANGE FUND
To make provision for the establishment and management of an exchange fund and as to the employment of its assets in Hong Kong. (Amended, 20 of 1948, s. 4 and 17 of 1979, s. 2)
Originally $4 of 1935. (Cap. 66, 1950 Ed.)
44 of 1936. 57 of 1936.
9 of 1937.
[6 December 1935.]
21 of 1939.
12 of 1946.
20 of 1948.
4 of 1951.
54 of 1956.
14 of 1958.
6 of 1964.
31 of 1968.
47 of 1968.
$7 of 1970.
90 of 1970.
25 of 1971. L.N. 150/71. L.N. 125/72.
8 of 1975.
7 of 1978.
17 of 1979.
L.N. 56/80.
L.N. 173/80.
L.N. 363/80.
L.N. 388/81.
26 of 1983.
16 of 1984.
76 of 1984.
1. This Ordinance may be cited as the Exchange Fund Ordinance.
(Amended, 20 of 1948, s. 4)
27 of 1986.
L.N. 64/87. 64 of 1987.
IN 33387
Short title.
Interpretation.
(Cap. 70.)
2. In this Ordinance, unless the context otherwise requires-
"bank notes lawfully issued" means notes issued in the Colony by any of the note-issuing banks in accordance with the provisions of the Bank of Issue Ordinance (Cap. 70.), The Hongkong and Shanghai Banking Corporation Ordinance and the charter of incorporation of Standard Chartered Bank or any supplemental charter of that bank, or issued in accordance with the above-mentioned provisions as modified by this Ordinance, or the Bank Notes Issue Ordinance; (Amended, 20 of 1948, s. 4; 54 of 1956, s. 3; 7 of 1978, s. 3 and 76 of 1984, s. 2)
"foreign exchange" means all currencies other than Hong Kong currency and includes sterling and other Commonwealth currencies; (Amended, 20 of 1948, s. 4)
"note-issuing bank" means Standard Chartered Bank, and The Hongkong and Shanghai Banking Corporation (Amended, 54 of 1956, s. 3; 14 of 1958, s. 3; 7 of 1978, s. 3 and 76 of 1984, s. 2)
3. (1) There shall be established a fund to be called "the Exchange Fund" which shall be under the control of the Financial Secretary and shall be used for such purposes as the Financial Secretary thinks fit affecting, either directly or indirectly the exchange value of the currency of Hong Kong and for other purposes incidental thereto.
The control of the Financial Secretary
2N333/89
20 333/89
Establishment control and management of Exchange Fund.
1987 Ed.]
Exchange Fund
[CAP. 66
1
CHAPTER 66
EXCHANGE FUND
To make provision for the establishment and management of an exchange fund and as to the employment of its assets in Hong Kong. (Amended, 20 of 1948, s. 4 and 17 of 1979, s. 2)
Originally $4 of 1935. (Cap. 66, 1950 Ed.)
44 of 1936. 57 of 1936.
9 of 1937.
[6 December 1935.]
21 of 1939.
12 of 1946.
20 of 1948.
4 of 1951.
54 of 1956.
14 of 1958.
6 of 1964.
31 of 1968.
47 of 1968.
$7 of 1970.
90 of 1970.
25 of 1971. L.N. 150/71. L.N. 125/72.
8 of 1975.
7 of 1978.
17 of 1979.
L.N. 56/80.
L.N. 173/80.
L.N. 363/80.
L.N. 388/81.
26 of 1983.
16 of 1984.
76 of 1984.
1. This Ordinance may be cited as the Exchange Fund Ordinance.
(Amended, 20 of 1948, s. 4)
27 of 1986.
L.N. 64/87. 64 of 1987.
IN 33387
Short title.
Interpretation.
(Cap. 70.)
2. In this Ordinance, unless the context otherwise requires- "bank notes lawfully issued" means notes issued in the Colony by any of the note-issuing banks in accordance with the provisions of
Zimited, The Hongkong and Shanghai Banking Corporation Ordinance and the charter of incorporation of Standard Chartered Bank or any supplemental charter of that bank, or issued in accordance with the above-mentioned provisions as modified by this Ordin- ance, or the Bank Notes Issue Ordinance; (Amended, 20 of (Cap. 65.) 1948, s. 4; 54 of 1956, s. 3; 7 of 1978, s. 3 and 76 of 1984, s. 2) "foreign exchange" means all currencies other than Hong Kong currency and includes sterling and other Commonwealth currencies; (Amended, 20 of 1948, s. 4) "note-issuing bank" means Standard Chartered Bank, and The Hongkong and Shanghai Banking CorporationAmended, 54 of 1956, s. 3; 14 of 1958, s. 3; 7 of 1978, s. 3 and 76 of 1984, s. 2)
1
3. (1) There shall be established a fund to be called "the Exchange Fund" which shall be under the control of the Financial Secretary and shall be used for such purposes as the Financial Secretary thinks fit affecting, either directly or indirectly the exchange value of the currency of Hong Kong and for other purposes incidental thereto. The control of the Financial Secretary
2N333/89
20 333/89
Establishment control and management of Exchange Fund.
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Private notes are available after approval.