the-ordinances-of-the-legislative-counci-1890v4 — Page 153

1970 ORDINANCES Nos. 10 AND 11 OF 1886.


Widows and Children Relief. Loan.


[Vide sec. 24, or tables of fees or alterations thereof shall have any force or effect until
No. 12 of
1873.] the same shall have been approved of by the Legislative Council of the
Colony and published in the Gazette.
Not to affect 6. Nothing herein contained shall be construed to affect any duty
duty on admi
nistration. now payable on letters of administration .
[ Ibid. s. 6. ]
SCHEDULE .
Schedule. Where the whole estate and effects of the intestate shall not exceed in value $ 100 ,
£20. the sum of $ 1 : and where the whole estate and effects shall exceed in value $ 100 , the
sum of $1 ; and the further sum of 20 cents for every $ 50 or fraction of $ 50 by which
the value shall exceed $ 100 .




No. 11 of 1886.

An Ordinance to authorise the raising of a Loan not exceeding
Two Hundred Thousand Pounds .

[ 7th May, 1886. ]

WHEREAS it is expedient to raise on loan two hundred thousand
pounds to be expended : Be it enacted by the Governor of Hong
kong, with the advice of the Legislative Council thereof, as follows :
Short title. 1. This Ordinance may be cited for all purposes as The Loan Ordi
nance, 1886.
Issue of 2. It shall be lawful for the Governor to raise by the issue of
debentures .
debentures under this Ordinance any sum or sums not exceeding in the
whole two hundred thousand pounds .

Principal and 3. The principal moneys and interest , secured by the debentures
interest
payable out issued under this Ordinance, are hereby charged upon and shall be payable
of revenue.
out of the general revenues and assets of the Government of Hongkong.
Price of each 4. Every debenture issued under this Ordinance shall be for a sum
debenture ;
interest ; of not less than one hundred pounds sterling, carrying interest at a rate
mode of
paying off, not exceeding four and a half per centum per annum payable half yearly ,
&c.
and shall be paid off at par at any time after the expiration of five years ,
but not later than twenty years from the date of issue, provided always
that not less than six months' notice shall be given by advertisement , in
the London Times newspaper, of the intention of the Government of
Hongkong to pay off the debentures issued or a part thereof under and

by virtue of this Ordinance, and provided also that the time fixed for
such repayment shall be a day on which a coupon shall become due and
payable.