TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE, 1901

TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE, 1901

No. 18 of 1901, repealed by No. 8 of 1912.

No. 19 of 1901, repealed by NO. 31 Of 1911.

No. 20 of 1901.
An Ordinance to facilitate the investment of trust and other
funds,in the United Kingdom in Hong Kong Government
securities.
[14th December, 1901.]

[Preamble rep. Law Revision Ordinance, 1939.]

1. This Ordinance may be cited as' the Trustees (Hong
Kong Government Securities) Ordinance, 1901.

2. In this Ordinance, ' the Colonial Stock Acts ' means
the Acts of Parliament known as the Colonial Stock Acts, 1877
to 1934.

3. This Ordinance shall apply to all securities. heretofore or
hereafter created or issued on behalf of the Government of
Hong Kong to which. the Colonial Stock Acts apply, and which
are registered in the United Kingdom in accordance' with the
provisions of those Acts, each and all of which 'securities are
hereinafter referred to as 'Hong Kong Government securities'.

4.-(1) Whenever, by the final judgment, decree, rule or
order of any court of competent jurisdiction in the United
Kingdom, any sum of money is adjudged or declared to be
payable by the Government of Hong Kong in respect of any
Hong Kong Government securities, the Government shall forth-
with pay that sum out of the funds in the hands of the Crown
Agents belonging to the Government, without further appro-
priation than this Ordinance.
(2) For 'the purposes of this section, '' final judgment,
decree, rule or order ' means, in case ;'of appeal, the final judg-

As amended by Law Rev. Ord., 1939.

ment, decree, rule or order of the ultimate court hearing the
appeal.

5. In order to enable every such payment to be duly made,
a certificate under the hand of the Crown Agents, specifying
the sum so paid under the order of any such court, shall be
sufficient authority to the Auditor General or other officer having
the auditing of their accounts for passing such sum without
further appropriation.

6. If at any time hereafter an Ordinance is passed which
appears to the Imperial Government to alter any'of the provi-
sions affecting the Hong Kong Government securities to the
injury. of the holder thereof,' or to involved departure from the
original contract in regard to those securities, that Ordinance,
will properly be disallowed.
[Originally No. 35 of 1901. Law Rev. Ord., 1939.] Short title. Interpretation. 40 & 41 Vict. C. 59; 55 & 56 Vict. C. 35; 63 & 64 Vict. C. 62. 24 & 25 Geo. 5, c. 47. Application of the Ordinance. Provision for payment of money due to stockholders by Government of Hong Kong. Certificate by Crown Agents. Provision for disallowance of Ordinance injuriously affecting Government securities.

[Originally No. 35 of 1901. Law Rev. Ord., 1939.] Short title. Interpretation. 40 & 41 Vict. C. 59; 55 & 56 Vict. C. 35; 63 & 64 Vict. C. 62. 24 & 25 Geo. 5, c. 47. Application of the Ordinance. Provision for payment of money due to stockholders by Government of Hong Kong. Certificate by Crown Agents. Provision for disallowance of Ordinance injuriously affecting Government securities.

https://oelawhk.lib.hku.hk/items/show/1478

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