Hong Kong Ordinances

BILLS OF EXCHANGE ORDINANCE - SECT 14

Computation of time of payment

Where a bill is not payable on demand, the day on which it falls due is
determined as follows-

   (a)  the bill is due and payable in all cases on the last day of the time
        of payment as fixed by the bill or, if that is a general holiday, on
        the succeeding business day; (Replaced 67 of 1972 s. 2) [cf. 1971 c.
        80 s. 3(2) U.K.]

   (b)  where a bill is payable at a fixed period after date, after sight, or
        after the happening of a specified event, the time of payment is
        determined by excluding the day from which the time is to begin to run
        and by including the day of payment;

   (c)  where a bill is payable at a fixed period after sight, the time begins
        to run from the date of the acceptance if the bill is accepted, and
        from the date of noting or protect if the bill is noted or protested
        for non-acceptance or for non-delivery;

        (d)	the term "month" in a bill means calendar month.
[cf. 1882 c. 61 s. 14 U.K.]

        (d)	the term "month" in a bill means calendar month.
[cf. 1882 c. 61 s. 14 U.K.]