FOREIGN NOTES (PROHIBITION OF CIRCULATION) ORDINANCE, 1913

FOREIGN NOTES (PROHIBITION OF CIRCULATION) ORDINANCE, 1913

No. 8 of 1913, repealed by No. 5 Of 1924.

No. 9 of 1913, incorporated in No. 2 Of 1865.

No. 10 of 1913, Tepealed by No. 25 Of 1917.

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

No. 12 of 1913, Tepealed by No. 5 of 1924.

No. 13 of 1913.

An 0rdinance to prohibit the circulation of foreign notes.

[1st August, 1913.]

1. This Ordinance may 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 parchments,
written or printed, or partly written and partly printed, by
whomsoever issued, purporting to be or to represent money and
intended to circulate as money.

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

But see No. 42 of 1935 [Dollar Currency Notes].

4.-(1) Every person who circulates 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 foyfeited.

(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 bond fide banker or licensed 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 bond fide
exchange banker or licensed money changer.

5. Whenever a notification appears in the Gazette under
the hand of the Colonial Secretary to the effect that the
issue 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.
[Originally No. 13 of 1913. Law Rev. Ord., 1939.] Short title. Interpretation. Circulation of notes prohibited save in certain authorized cases. Penalty for unlawful circulation of notes. Circulation defined. Provisions for addition to authorized exemptions from Ordinance.

[Originally No. 13 of 1913. Law Rev. Ord., 1939.] Short title. Interpretation. Circulation of notes prohibited save in certain authorized cases. Penalty for unlawful circulation of notes. Circulation defined. Provisions for addition to authorized exemptions from Ordinance.

https://oelawhk.lib.hku.hk/items/show/1528

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