The Colonial Treasury Bills Short title

Colonial Treasury Bills [Cap. 266 3025 CHAPTER 266. COLONIAL TREASURY BILLS. WHEREAS it may be expedient from time to time that the Preamble. Governor or the Crown Agents on his behalf should borrow money by the issue of Treasury Bills in London: 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.

Ordinance.

The Governor, whenever authorised thereto by a resolution ~ower t~of the House of Representatives, may request the Crown Agents t~~rfs;u/or to borrow, by the issue in London of Sierra Leone Government ~:~asury Treasury Bills, sums not exceeding the amount specified in such 1 s. resolution; and the Crown Agents may also, with the approval of the Governor, 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 by them, and outstanding. . 3. The principal moneys represented by the Treasury Bills ~::rcipal of Issued under the provisions of this Ordinance are hereby 1 s. Proceeds of Bills. Amounts and period of currency of Bills. Repayment of Bills. Cancellation of repaid Bills. Cap. 266] Colonial Treasury Bills --------- - ------------ charged upon and shall be payable out of the general revenues and assets of the Colony.

The proceeds of the issue of the Treasury Bills shall bepaid into the General Account of the Colony with the Crown Agents.

Every Treasury Bill issued under this Ordinance shall befor the sum of one thousand pounds or a multiple of one thousand pounds, and shall be payable at par at such time or times as the Governor or the Crown Agents on his behalf shall before the issue of such Treasury Bills fix and determine, but not later than one year from the date of issue.

The Governor shall appropriate out of the general revenuesof the Colony the necessary sum to pay the principal represented by the Treasury Bills, and shall remit that sum to the Crown Agents in London, at such time as will enable them to pay the said principal at their office in London, when the Treasury Bills fall due.

Upon repayment of the principal moneys represented bythe Treasury Bills, the Bills shall be delivered up to the Crown Agents, to be by them cancelled and forwarded to the Government of Sierra Leone. j j