1964_GENERAL_LOAN_AND_STOCK_ORDINANCE — Page 10

1964 Ed.]

General Loan and Stock.

[CAP. 72

9

37. The Crown Agents may from time to time, at the request of the Governor, make arrangements for all or any of the follow- ing things--

(a) for inscribing and registering stock in their books; (b) for managing the creation, inscription, registration and issue of stock, including the issue of certificates of title in respect of such stock;

(c) for effecting the conversion of loans into stock;

(d) for paying interest on stock and managing the transfers

thereof;

(e) for issuing stock certificates to bearer, and, as often as occasion shall require, re-inscribing or re-registering them;

(f) for effecting the exchange or conversion of inscribed

stock into registered stock.

38. This Ordinance shall be applicable only to the raising of loans in the United Kingdom and nothing in this Ordinance con- tained shall prevent the raising of loans in the Colony upon such terms and conditions as shall be specified in any Ordinance authorizing the raising of such loans.

39. Authority is hereby given for the making of regulations under section 16 of the Colonial Stock Act, 1877, to provide, that, in accordance with section 1 of the Colonial Stock Act, 1948, stock issued under the provisions of this Ordinance shall be transferable by instrument in writing in accordance with the regulations and in no other manner.

Creation, inscription, registration,

issue, conversion, and transfer

of stock.

Raising of loans in Hong Kong.

Regulations under Colonial Stock Act, 1877 and 1948.

(40 & 41 Vict. c. 59; 12, 13 & 14 Geo. 6 c. 1.)