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The Province of Canterbury Debenture Ordinance 1854

9. The Debentures Ordinance 1854.

Whereas by an Ordinance of the Superintendent and Provincial Council of the Province of Canterbury, passed in the Seventeenth Year of the reign of Her Majesty, entituled "The Appropriation Ordinance for the year 1854-5, Session II., No. 8," it is enacted, that out of the Public Revenue of the said Province, there may be issued and applied, in the manner hereinafter mentioned, any Sum or Sums of Money, not exceeding the several sums hereinafter specified, amounting in whole to the sum of Eighteen Thousand Nine Hundred and Ninety- nine Pounds One Shilling and Three-pence, for defraying the charge of the Government of the said Province for the Year commencing on the First day of April, one thousand eight hundred and fifty-four, and ending upon the Thirty-first day of March, one thousand eight hundred and fifty-five: And Whereas the Public Revenues of the said Province may not be sufficient to meet the whole amount by the said recited Ordinance authorized to be issued and applied as aforesaid:

Be it therefore enacted by the Superintendent of the said Province, with the advice and consent of the Provincial Council thereof, as follows:—

1. Superintendent may issue Debentures.

Superintendent of the said Province to issue Debentures on account of the said Province for any Sum or Sums of Money which may be required to make up any deficiency in the Revenues of the said Province top meet the gross amount by the said Ordinance authorized to be issued and applied as aforesaid.

2. Such Debentures, with Interest, to be a charge upon the Revenues of the

Province.

All and singular such Debentures shall be signed by the Superintendent of the said Province, and shall together with all Interest, if any, accruing thereon (which Interest shall not exceed the rate of eight pounds sterling per centum per annum) be a charge upon, and shall be discharged out of the Revenues of the said Province.

3. Title.

This Ordinance shall be entituled and may be cited as "The Province of

Canterbury Debentures Ordinance, Session II., No. 9."

Notes.

This Ordinance was passed by the Canterbury Provincial Council on the 24th of

March 1854, and assented to by the Superintendent on the 29th of March.