TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE
Title
TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE
Description
CHAPTER 77.
TRUSTEES (HONG KONG GOVERNMENT
SECURITIES).
To facilliate the of trust and other funds in the
Kingdom in Hong Kong Government securities.
[14th December, 1901]
1. This Ordinance may be cited as the Trustees (Hong
Government Securities) Ordinance.
2. In this Ordinance-
'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 hereto- or hereafter
created or issued oil behalf of the Governrnent of Hong Kong to which
the Colonial Stock Acts apply and in the United Kingdorn in
which are registered accordance with the provisions of those
Acts, each and all of which securities are hereinafter referred to as Hon-
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 forthwith pay that sum out of the funds in the
hands of the Crown Agents belonging to the Government, without
further appropriation than this Ordinance.
(2) For the purposes of this section, final judgment, decree, rule
order means in case of appeal, the final judgment, 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
provisions affecting the Hong Kong Government securities to
the injury of the holder thereof, or to involve a departure from
the original contract in regard to those securities, that Ordinance
will properly be disallowed.
Originally 35 of 1901. Fraser 20 of 1901. 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. Provision for payment of money due to stockholders by Government. Certificate by Crown Agents. Provision for disallowance of Ordinance injuriously affecting Government securities.
Abstract
Originally 35 of 1901. Fraser 20 of 1901. 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. Provision for payment of money due to stockholders by Government. Certificate by Crown Agents. Provision for disallowance of Ordinance injuriously affecting Government securities.
Identifier
https://oelawhk.lib.hku.hk/items/show/1771
Edition
1950
Volume
v2
Subsequent Cap No.
77
Number of Pages
2
Files
Collection
Historical Laws of Hong Kong Online
Citation
“TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE,” Historical Laws of Hong Kong Online, accessed January 11, 2025, https://oelawhk.lib.hku.hk/items/show/1771.