FOREIGN NOTES (PROHIBITION OF CIRCULATIONS) ORDINANCE, 1913

FOREIGN NOTES (PROHIBITION OF CIRCULATIONS) ORDINANCE, 1913

No. 8 of 1913, repealed by Law, Revision Ordinance, 1924.

No. 9 of 1918, incorporated in No. 2 of 1865.

No. 10 of 1913, repealed by No. 25 of 1917.

No. 11 of 1913, incorporated in No. 21 of 1901.

No. 12 of 1913, repealed. by Law Revision Ordinance, 1924.

No. 13 of 19 13.
An Ordinance to prohibit the circulation of foreign notes.

[1st August, 1913.]

1. This Ordinance inay be cited as the Foreign Notes
(Prohibition of Circulation) Ordinance, 1913.

2. In this Ordinance, note includes all promissory notes
made by a banker, payable to bearer on demand, and intended
to circulate as money, and also all deeds, papers, or parch-
inents, written or printed, or partly written and parth
printed, by whomsoever issued, purporting to be or
represent money and intended to circulate as money.

3. The circulation of all kinds of notes other than those
of the Hongkong and Shanghai Banking Corporation, the
Chartered Bank of' India, Australia and China and the
Mercantile Bank of India is prohibited.

4.-(1) Every person who cirenlates or attempts to
circulate any note or notes the circulation of which is
prohibited by this Ordinance, shall upon summary conviction
be liable to a fine not exceeding twenty-five dollars, and the
note or notes so circulated or attempted to be circulated shall
be forfeited.
(2) For the purposes of this section, a person shall be
deemed to circulate notes if he tenders, utters, buys, sells,
receives or pays them, or puts them off : Provided that a
person shall not be deemed to circulate notes if he gives or
receives such notes to or from a bona fide banker or licensed

*As amended by Law Rev. Ord., 1924.
money-changer in exchange for other notes or coin or for
any other purpose : Provided also that this section shall not
be construed so as to prevent or restrict the legitimate
business of a bona fide exchange banker or licensed money
changer.

5. Whenever a notification shall appear in the Gazette
under the hand of the Colonial Secretary to the effect that
the issite of notes other than those specified in section 3, has
been sanctioned by Royal charter or Ordinance, then such
notes shall be exempted from the provisions of this Ordinance
in the same manner as those specified in the said section.

[s. 6, rep. Law Revision Ordinance, 1924.]
[Originally No13 of 1913. Law Rev. Ord., 1924.} Short title. Interpretation. Circulation of notes prohibited save in certain authorised cases. Penalty for unlawful circulation of notes. Circulation defined. Provisions for addition to authorised exemptions from Ordinance.

[Originally No13 of 1913. Law Rev. Ord., 1924.} Short title. Interpretation. Circulation of notes prohibited save in certain authorised cases. Penalty for unlawful circulation of notes. Circulation defined. Provisions for addition to authorised exemptions from Ordinance.

https://oelawhk.lib.hku.hk/items/show/1275

1923

v5

No. 13 of 1913

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