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Section 2

In this Ordinance, unless the context otherwise requires –

of Local Loans Ordinance 1959

State OrdinanceIn forceProvision 2 of 27
Section 2

“debenture” means any debenture issued under the provisions of this Ordinance;

“estate duty stock” means North Borneo stock issued under the provisions of section 20;

“loan” means a loan raised under the provisions of this Ordinance;

2

“the register” includes any book kept by the Accountant-General under the provisions of this Ordinance;

“stock” means North Borneo stock issued under the provisions of this Ordinance and includes any share or interest in such stock;

“stockholder” means any person holding stock, who is entered as proprietor thereof on the register;

“Scheduled Territories” means the territories specified in the First Schedule to the

Exchange Control Ordinance [Cap. 168.].

Authority to raise loans.