Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698071444881.pdf (Guyana)
Establish­ ment of Develop­ ment Fun:d. Sources of Develop­ ment Fund.

�18 No.

44 J THE LAWS OF BRITISH GUIANA [A.D. 1954.

I assent, ALFRED SAVAGE, Governor, 23rd December, 1954.

ORDINANCE No.

44 OF 1954 AN ORDINANCE to provide for the 2stablishment of a Development Fund for the carrying Colony.

out of works of development in the A.D. 1954.

Enacted by the Leg�slature of British - Guiana: [25th December, 1954] ShOrt title.

1.This Ordinance Fund may be cited as the Development Ordinance, 1954.
2.There is hereby established a Fund to he known as the Development of works of development in the Colony.
Fund, which shall be available for the carrying out 3.The Development (a)sums received Fund shall be comprised by the Government as grants or ,contributions of development from time to time for the purpose of works in the Colony; of - (b)sums by law approp,riated to the Development Fund from the revenues and funds of the Colony; (c)sums accruing from any loan raised by or on behalf of the Governor under the authority of any Ordin­ ance for the purpose of works of development Colony; .and in :he (d)sums accruing from the deposit of the Development with any bank or Fund O!'
c1ny the investment part thereof.

Invest­ ment of Develop­ m.ent Fund'.

Develop­ ment Esti­ mates.

4.The Development Fund or any part thereof with any bank in which public monies of the may be de­ at interest posited Colony may lawfully ment Fund which is not required the Governor shall so direct, the Governor be deposited and .any part of the Develop­ for early disbursement ,�s in su,ch securities be invested may, if may specify.

5.
5.

(1) The Financial tive Council for the approval accruing the Development Ordinance Secretary thereof to and to be expended on works of development from r in this called "the Development shall submit to the Legisla­ Fund in each financial Estimates").

year (hereafte estimates of the amounts (2)The Development Estimates shall be submitted to the Legislative after the commencement of each financial year.

Council before or as soon as may be practicable ....__ A.D.

1954.]

DEVELOPMENT FUND [No.
44 99 -l (3)If the Financial Development Estimates tid by the Legislative add to the amounts to be expended as shown in such Estimates, Council for the approval the additional Fund during that financial c:alled "the Supplementary for any financial Council that it is necessary Secretary after the is satisfied year have been approv­ or expedient to Fund from the Development he may submit to the Legislative thereof, Supplementary Estimates cf amounts to be expended from the Development in this Ordinance year (hereafter Development Estimates").
(4)The Development Estimates and the Supplement­ shall be in such form as the Financial ary Development Secretary may approve.

6.The 'I'reasurer Estimates rant of the Governor, Fund such swns, not exceeding lopment Estimates and mates as approved year, as may be required several heads of such Estimates: shall, in each financial issue and apply out of the Development year on the war­ the sums allocated in the Deve­ the Supplementary Esti­ Development Applica­ tion of Develop­ ment Fund.
by the Legislative for the purposes Council for that financial expressed in the Provided Development shall be applied Ordinance.

that any sum which has been appropriated Fund from loan funds raised under any Ordinance to the for no purpose contrary to the provisions of that I assent.

ALFRED SAVAGE, Governor.

23rd December, 1954.

ORDINANCE No.


45 OF 1954 AN OnoINANCE to provide currency notes which are legal tender in the Island of Jamaica shall be legal tender for the payment of any amount in British that all Government Guiana [25th December, 1954] ENACTED by the Legislature 1.This Ordinance Currency 2.
(1) All currency (Jamaica Notes) Ordinance, 1954. of British Guiana: - may be cited as the Legal Tender notes which, by virtue of the Cune'.1cy legal tender in that ::ir-e Notes Law of the Island of Jamaica, are hereby .declared 1sland, ciny amount in this Colony.

to be legal tender' for the payment of (�·) For the p,ur,poses of this seciirm the value of currency notes provided, issued or re-issued under of the Island of Jamaica shall be calculated µouncl for four dolla1·s and eighty i::ents.
the Currency Notes Law at the rate of one :t This Ordinance shall come into operation the Governor shall fix by proclamation Gazette.

on such date as published in the .... .. A.D. 1954 Short title Govexn­ ment Cur­ rency notes of the Island of Jamaica to ibe legal tender jn this Col­ ony.

Cap.

275 t>f the Laws of Jamaica Com­ mence­ ment.