HONG KONG TREASURY BILLS (LOCAL) ORDINANCE, 1926

HONG KONG TREASURY BILLS (LOCAL) ORDINANCE, 1926

Ne. 14 of 1925, repealed by No. 32 Of 1935.

No. 15 of 1925, repealed by NO. 39 Of 1932.

No. 16 of 1925, repealed by Law Revision
Ordinance, 1939, Supp. Sched.

1926.

No. 1 of 1926, repealed by No. 51 Of 1936.

No. 2, of 1926, repealed by No. 41 Of 1932.

No. 3 of 1926, incorporated in No. 6 of 1901.

No. 4 of 1926, repealed by Law. Revision
Ordinance, 1939, Supp. Sched...

No. 5 of 1926.

An Ordinance to regulate the issue of Hong Kong Treaswry
bills in Hong Kong.
[23rd. April, 1926.]

WHEREAs it may he ex pedient from time to time that the
Governor should borrow money by the issue of Hong
Kong Treasury bills in Hong Kong:

AND WHEREAS it is expedient to provide in one Ordinance the
terms and conditions applicable to the borrowing of money
by the issue of such bills:

This Ordinance, may be cited as The Hong Kong
Treasury Bills (Local) Ordinance, 1926.
2. The Governor whenever authorized thereto by a resolu-
,tion of the Legislative Council may borrow by the issue in
Hong Kong of Hong Kong Government Treasury bills sums
not exceeding the amount specified in such resolution; and may
also borrow from time to time by the issue of such Treasury bills
such sums as may be required to pay off at maturity bills already
lawfully issued and outstanding.

3. The. principal moneys represented by the Treasury bills
issued under the provisions of this Ordinatice are hereby charged
upon and shall be payable out of the general revenues and assets
of the Colony.

4. The proceeds of the issue of the Treasury bills shall be
paid into the general revenues of the Colony.

5. Every Treasury bill issued under this Ordinance shall be
for the sum of $10,000 or a multiple of $10,000 and shall be
payable at par at such time or times as the Governor shall before
the issue of such Treasury bill fix and determine, but not later
than one year from the date of issue.

6. The Governor shall appropriate out of the general
revenues of the Colony the necessary sum to pay the principal
represented by the Treasury bills.

7. Upon repayment of the principal moneys represented by
the Treasury bills, the bills shall be delivered tip to the Govern-
ment of Hong Kong to be cancelled.
[6.9.35.] [1.7.33.] [4.12.36.] [1.1.33.] [Originally No. 5 of 1926.] Short title. Power to borrow by the issue of Treasury bills. Principal of bills. Proceeds of bills. Amounts and period of currency of bills. Repayment of bills. Cancellation of repaid bills.

[6.9.35.] [1.7.33.] [4.12.36.] [1.1.33.] [Originally No. 5 of 1926.] Short title. Power to borrow by the issue of Treasury bills. Principal of bills. Proceeds of bills. Amounts and period of currency of bills. Repayment of bills. Cancellation of repaid bills.

https://oelawhk.lib.hku.hk/items/show/1591

1937

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No. 5 of 1926

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