BANK NOTES ISSUE ORDINANCE, 1895
Title
BANK NOTES ISSUE ORDINANCE, 1895
Description
No. 2 of 1895.
To regulate the issue of Bank Notes.
1. The Bank Notes Issue of Bank Notes.
[20th March, 1895.]
2. In this Ordinance the word ' bank ' includes any person,
partnership, or company carrying on the business of banking within
the Colony.
3. It shall not be lawful for any bank to make, issue, or circulate
within the Colony bank notes payable to bearer on deniand, except
with the sanction of a Secretary of State signified through the
Governor.
4. This Ordinance shall not affect any right or privilege possessed
by any bank under Royal Charter or Ordinance of issuing or re-
issuing within the Colony bills or notes payable to bearer on
demand.
5 If any bank makes, issues or circulates within the Colony
any bank notes payable to bearer on demand in contravention of the
provisions of this Ordinance, it and its principal nianager or agent
in the Colony and each of the parhiers (if any) therein shall be
liable, on summary conviction, to a fine not exceeding 1,000 dollars,
and in the case of a second or stibsequent conviction to imprison-
ment for a term not exceeding 3 months and to a fine not exceeding
1,000 dollars: Provided that if the offender be a body corporate it
shall be liable on a second or subsequent conviction to a fine not
exceeding 5,000 dollars.
As amended by No. 1 of 1912 and No. 2 of 1912.
As amended by No. 50 of 1911 and No. 1 of 1912. The issue of
the Notes of the hongkong Shinighai Banking Corpora-
tion, of the chartered bank of india, Australia and China
and of the Mercantile bank of India, Limited, is duly sanc-
tioned in accordance with the Law, See G. 1,. 314 Gazette
12th October, 1912.
As amended by No. 1 of 1912 and No. 48 of 1912.
Short title. Interpretation. Issue of bank notes to be sanctioned by Secretary of State. Saving of existing note issues. Penalties.
Abstract
Short title. Interpretation. Issue of bank notes to be sanctioned by Secretary of State. Saving of existing note issues. Penalties.
Identifier
https://oelawhk.lib.hku.hk/items/show/873
Edition
1912
Volume
v1
Subsequent Cap No.
65
Cap / Ordinance No.
No. 2 of 1895
Number of Pages
1
Files
Collection
Historical Laws of Hong Kong Online
Citation
“BANK NOTES ISSUE ORDINANCE, 1895,” Historical Laws of Hong Kong Online, accessed October 22, 2024, https://oelawhk.lib.hku.hk/items/show/873.