GRS 250
UNCLASSIFIED
ADMIN-IN-CONFIDENCE
FM HONG KONG 140858Z JANUARY 82
TO ROUTINE UKDEL IMF/IBRD WASHINGTON
TELEGRAM NUMBER 2 OF 14 JANUARY
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YOUR TELNO 11 IMF/HK
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Par 413
WE ARE NOT IN A POSITION TO RUN A REGULAR MAILING LIST FOR AMENDMENTS AND REVISIONS TO HONG KONG LEGISLATION.
2. WE ARE WILLING TO PROVIDE THE LATEST AVAILABLE TEXT OF THE VARIOUS ORDINANCES TO BE INCLUDED IN THIS IMF PUBLICATION. BUT IMPORTANT AND QUITE EXTENSIVE AMENDMENTS TO THE BANKING AND DEPOSIT-TAKING COMPANIES ORDINANCES
ARE DUE TO BE PUBLISHED, ASSUMING EXECUTIVE COUNCIL APPROVAL, ON 22ND JANUARY: WE HOPE THAT THEY WILL COME INTO OPERATION AT THE END OF MARCH. AT THE SAME TIME AT LEAST ONE AMENDMENT IS LIKELY TO BE MADE SHORTLY TO THE MONEY LENDERS ORDINANCE. RATHER THAN WASTING OUR TIME YET AGAIN ON THIS DISMAL SAGA, IT WOULD BE PREFERABLE IF THE FUND STAFF COULD TELL US WHAT IS THE LATEST DATE AT WHICH THEY CAN ACCEPT AMENDMENTS TO THEIR TEXT: WE WILL THEN ARRANGE TO SEND THEM SHORTLY BEFORE THAT DATE THE UP-TO-DATE TEXT OF THESE AND THE OTHER ORDINANCES. WE WILL NOT BE ABLE
TO PROVIDE A COMMENTARY ON THE 1980 AND SUBSEQUENT REVISIONS
TO THE ORDINANCES.
3. THE HONG KONG ASSOCIATION OF BANKS ORDINANCE 1980 HAD NOT BEEN
ENACTED WHEN WE SENT VARIOUS ORDINANCES IN JULY 1980. DO THE FUND STAFF WISH TO INCLUDE THAT ?. IF SO, WE WILL SEND A
COPY FORTHWITH.
MACLEHOSE
MONETARY
HKJGD
THIS TELEGRAM WAS NOT ADVANCED
See &
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