TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE

TRUSTEES (HONG KONG GOVERNMENT SECURITIES) ORDINANCE

LAWS OF HONG KONG

TRUSTEES (HONG KONG GOVERNMENT SECURITIES)
ORDINANCE

CHAPTER 77





CHAPTER 77.

TRUSTEES (HONG KONG GOVERNMENT SECURENESS

To facilitate the investment of trust and other funds in the United

Kingdom in Hong Kong Government securities.

[14th December, 1901.1

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

(Amended, 50 of 1911; 1 of 1912, Schedule, and 5 of 1924,
Schedule)

2. In this Ordinance, unless the context otherwise requires'Colonial
Stock Acts' means the Acts of Parliament known as the

Colonial Stock Acts, 1877 to 1934.

(Amended, 50 of 1911; 1 of 1912, Schedule, and 33 of 1939,
Schedule)

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.

(Amended, 50 of 1911; 1 of 1912, Schedule)

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 or
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. (Cap 77, 1950.) 50 of 1911. 1 of 1912. 5 of 1924. 33 of 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. Provision for payment of money due to stockholders by Government. Certificate by Crown Agents. Provision for disallowance of Ordinance injuriously affecting Government securities.

Originally 35 of 1901. (Cap 77, 1950.) 50 of 1911. 1 of 1912. 5 of 1924. 33 of 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. Provision for payment of money due to stockholders by Government. Certificate by Crown Agents. Provision for disallowance of Ordinance injuriously affecting Government securities.

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