[Ord. 15 anno 1855.] No. LXXIII. Preamble. pany to be No. LXXIII. AN ORDINANCE FOR TRANSFERRING THE MANAGEMENT OF Enacted 21st August, 1855, published the 22rd following, came into operation 24th November, 1855. [P. E. WODEHOUSE, Governor.] WHEREAS it has been represented to His Excellency the Go vernor and the Honorable the Court of Policy of British Guiana, by writing under the hand of Sir JAMES ROBERT CARMICHAEL, Baronet, Chairman, and W. R. COLE, Secretary of the Demerara Railway Company, that Resolutions were passed at the Adjourned general meeting of the proprietors of the said Company, held in London on Thursday the Third day of May, One Thousand Eight Hundred and Fifty-five, setting forth that the proprietors of the said Company are desirous of transferring the management thereof from London to Liverpool, and of holding the general meetings of the said Company either in London or in Liverpool; and further that the said proprietors are desirous of being authorised by the said Governor and Court of Policy to raise Twenty Thousand Pounds Sterling either on the Bonds of the said Company or by the issue of special preference stock, or by both of such means: And whereas the Company have applied to the Combined Court to guarantee interest not exceeding Six per Cent, on a further sum, not exceeding Twenty Thousand Pounds, to be expended in completing the line of Railway from Belfield to the Village of Mahaica: Be it therefore enacted by His Excellency the Governor of British Guiana, by and with the advice and consent of the Honorable the Court of Policy thereof, as follows: 1. The general direction and management of the affairs of the Affairs of Com. Demerara Railway Company shall be vested in not less than five nor managed by a more than seven Shareholders resident in England, and to be styled General Com-THE GENERAL COMMITTEE," and the meetings of such ComShareholders mittee shall be held at Liverpool; and in the reading of every Orsitting in Liverpool. mittee of 5 or 7 dinance [Ord.15 anno 1855.] No. LXXIII.-LXXIV. dinance now in force relative to the said Company the words "London Committee" shall be taken to mean the "General Committee," and the words "City of London" or "City of Westminster," respectively, shall be taken to mean the "Town of Liverpool." 2. The General Meetings, whether ordinary or extraordinary, of General Meetings may be the Shareholders of the said Company, shall henceforth be held either held in London in the City of London or in the Town of Liverpool, as shall be fixed or Liverpool. by the General Committee from time to time; anything in this or any other Ordinance to the contrary notwithstanding. [Sections 3 and 4 are repealed by Ordinance 14 of 1858.] No. LXXIV. AN ORDINANCE FOR RAISING A LOAN FOR THE INTRODUC. [Ord. 16 ann TION OF INDIAN IMMIGRANTS INTO BRITISH GUIANA.* 1855.] Enacted 21st August, 1855, published the 22nd following, came into operation 9th April, 1856. [P. E. WODEHOUSE, Governor.] WHEREAS at the Annual Meeting of the Honorable the Court Preamble. of Policy of the Colony of British Guiana, combined with the Financial Representatives of the Inhabitants thereof, it was resolved on the Twentieth day of March last past, that the Governor and Court of Policy be requested to pass an Ordinance for raising upon the guarantee [Ord.16 anno 1855,] No. LXXIV. guarantee of the Colonial Revenues such sum as might be required for immediate payment for the passage of Indian Immigrants: And whereas by an Ordinance passed on the Twenty-second day of June last past, it was enacted that payment for the passage of such Indian Immigrants should be made by the employers thereof in manner therein described within five years from the time of the allotment of such immigrants: Be it therefore enacted by His Excellency the Governor of British Guiana, with the advice and consent of the Court of Policy thereof, as follows: 1. The Government Secretary for the time being, the ReceiverCommissioners General for the time being, and the Financial Accountant for the appointed. time being, shall be, and they are hereby declared to be Commissioners for carrying into effect the purposes of this Ordinance, and shall be called "The Indian Immigration Loan Commissioners.” of various exceed in the whole £150,000 sterling. 2. The Commissioners, from time to time, upon receiving from Commissioners the Governor an intimation of any sum of money having been adto issue Bonds vanced out of the Colonial Revenues, or having become due in disamounts not to charge of the passage money of Indian immigrants introduced into this Colony after the passing of this Ordinance, may issue Bonds, in the Form annexed hereto, each of which Bonds shall be either for the sum of One Hundred Pounds Sterling, or of Two HuDdred Pounds Sterling, or of Five Hundred Pounds Sterling, or of One Thousand Pounds Sterling, each payable to bearer at the expiration of five years after date, and each bearing Interest, pay. able half yearly and to commence from the end of six months from the date of the Bond, at a rate not exceeding Six per cent. per annum, in such number as may be sufficient to provide the amount payable for such immigrants: Provided, that the total amount of such Bonds outstanding at any one time shall not exceed One Hundred and Fifty Thousand Pounds Sterling. 3. The Commissioners may accept, for any Bonds to be issued Commissioners by them, any sums of money equal to or exceeding the sums herein. to receive for before mentioned, of One Hundred Pounds, Two Hundred Pounds, the Bonds [Ord.16 anno 1855.] No. LXXIV. Five Hundred Pounds, and One Thousand Pounds respectively, or with the previous sanction of the Governor, of any sums of money less than any such sums. sums of equal amount, or or greater with the Governor's sanction, less. missioners to 4. All sums received by the Commissioners under any of the Sums received provisions of this Ordinance shall be deposited in the name of "The by the ComIndian Immigration Loan Commissioners," in some Bank in London, be deposited in some Bank and or in one of the Local Banks, in such proportion as may from time not to be to time be found convenient; and no sum so deposited shall be drawn out exdrawn out of any such Bank except upon a bill, cheque, or order, signed by two of the said Commissioners, of whom the Financial Accountant shall always be one. cept by order of two Com missioners. where in 5. The Commissioners, with the approval of the Governor, may Commissioners may appoint appoint an agent or agents in London, or elsewhere in the United agents in LonKingdom, for the purpose of disposing of the Bonds, for receiving and don or else. paying money, and generally for all the purposes of this Ordinance; United Kingand all acts done by any such agent or agents, in conformity with Acts of such the terms of his or their appointment, shall be as good and valid to Agents to be all intents and purposes as if the same had been done by the said Commissioners themselves. dom. valid. to pay to 6. The Commissioners shall pay over to the Receiver-General Commissioner the amount declared by the Governor as aforesaid to have been ad- Receivervanced or to be payable for the passage of the immigrants then General introduced into the Colony; and the Receiver-General shall hold immigrant's the same subject to the warrants of the Governor. amount due for passage General to pay moneys reco 7. The Receiver-General shall pay over to the Commissioners all Receiversums of money received or recovered by him under the provisions of to the Comthe Ordinances No. 7, of 1854, and No. 8, of 1855, from any Indian missioners all immigrant, or from the employers of any Indian immigrants, for vered by him under Ordiwhose passage payment shall have been made to him by the Com- nances No. 7 of 1854, and 8, of missioners, according to the preceding section hereof. 1855. [Ord.16 anno 1855.] instalments, with interest. No. LXXIV. 8. If at any time the amount paid for the passage of any Indian Any excess to immigrants shall exceed the amount for which the employers to whom be paid out of public moneys they may be allotted are declared liable under the provisions of the in five annual above mentioned Ordinances, the Receiver-General shall pay out of the public monies to the Commissioners annually, for five years, one-fifth of such excess, and shall likewise pay to the said Commissioners, the interest which may become due upon the unpaid balance of the said excess, at such rate as may be payable by the Commissioners on account of the Bonds issued by them. of Bonds issued by them; any balance to be 9. The Commissioners shall, out of any sums to be received by Commissioners them under the provisions of the two preceding sections, pay all to pay interest and principal interest and principal becoming due upon the Bonds by them issued; und it shall be lawful for the said Commissioners, after making such payments, to apply any balance of such receipts remaining in their appropriated hands to the payment of the cost of the passage of any Indian immigrants to be thereafter introduced, or, with the approval of the Governor, to invest any such balance in such manner as to them shall appear most advantageous. as directed. Guarantee of sums borrowed by the Colo not being otherwise pledged. 10. All the Colonial Revenues not specially appropriated by any Ordinance already in force shall during the continuance of this Ordinance be held to be pledged for the payment of the interest and prinnial Revenues cipal becoming due in respect of the Bonds issued under the provisions hereof; and if at any time the sums which may be received by the Commissioners from the Receiver-General, under the preceding provisions Mode of pro- of this Ordinance, shall be insufficient to meet any payments so beceeding in case of funds pro- coming due, the said Commissioners shall make report, stating the vided proving insufficient. amount deficient, to the Governor, who shall thereupon issue his warrant to the Receiver-General, directing him to pay over to the Commissioners, out of any public monies in his hands, the amount required to make good such deficiency: Provided, that before making such report the Commissioners shall issue Bonds, as herein before directed for any such part of the sums previously received by them from the Receiver-General, as may have been applied under the provisions of the 9th section to the payment of the cost of the passage of immigrants; and the Commissioners shall repay to the Receiver-General any sum so paid by him out of the public moneys whensoever there shall |