Initial debt to
Government.
CONFIDENTIAL
16.
機密
17. (1)
(1) The Corporation shall be indebted to the
Government in a sum equal to all expenditure directly or
indirectly incurred by the Government in relation to the
investigation, planning, construction and operation of the
Mass Transit Railway.
(2) The Financial Secretary shall determine the
amount of such indebtedness by certificate or certificates
under his hand and he may for sufficient cause reduce or
increase any amount so certified.
(66 of 1974.)
(3) The indebtedness of the Corporation under sub- sections (1) and (2) and any interest thereon shall be
discharged in such manner as the Financial Secretary
directs.
(4) In subsection (1) "expenditure" means
(a) in relation to the operation of the railway,
compensation and costs paid in respect of such
operation to satisfy claims within the meaning of section 18 of the Mass Transit Railway (Land
Resumption and Related Provisions) Ordinance
1974; and
G.F. 323
(b) any loss, debt, cost, expense or liability,
whether actual or contingent, liquidated or unliquidated
(i)
J
whenever incurred, in relation to the
negotiation of a contract to build the railway;
CONFIDENTIAL #