BANK NOTES ISSUE ORDINANCE, 1895

BANK NOTES ISSUE ORDINANCE, 1895

no. 2 of 1895.

an ordinance to regulate the issue of bank notes.

[20 th March, 1895.]

1. This ordinance may be cited as the bank notes issue
ordinance, 1895.

2. In this ordinance, bank includes any person,
partnership, or company carrying on the business of banking
within the colony.

3. it shall not be lawful for any bank to make, issue, or
circulate within the colony bank notes payable to bearer on
demand, except with the sanction of a Secretary of state
signified through the governor.

as amended by law rev. ord., 1923.

4. This ordinance shall not affect any right or privilege
possessed by any bank under royal charter or ordinance of
issuing or re-issuing within the colony bills or notes payable
to bearer on demand.

5. If any bank makes, issues or cirulates within the
colony any bank notes payable to bearer on demand in
contravention of the provisions of this ordinance, it and its
principal manager or agent in the colony and each of the
partners (if any) therein shall upon summary conviction
be liable to a fine not exceeding one thousand dollars, and
in the case of a second or subsequent conviction to imprison-
ment for a term not exceeding three months and to a fine not
exceeding one thousand dollars: Provided that if the offender
be a body corporate it shall be liable on a second or
subsequent conviction to a fine not exceeding five thousand
dollars.
[Originally No. 2 of 1895. Law Rev. Ord., 1921.] Short title. Interpretation. Issue of bank notes to be sanctioned by Secretary of State. Saving of existing note issues. Penalties.

[Originally No. 2 of 1895. Law Rev. Ord., 1921.] Short title. Interpretation. Issue of bank notes to be sanctioned by Secretary of State. Saving of existing note issues. Penalties.

https://oelawhk.lib.hku.hk/items/show/1158

1923

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No. 2 of 1895

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