Clause
7
(5)
(a)
of 1983.)
Amendment Proposed
Where a letter of comfort was
prior to the commencement of the
Deposit-taking Company (Amendment)
Ordinance 1983 accepted by the
Commissioner as a guarantee in
the exercise or purported exercise
of his powers under proviso (b)
to subsection (1); and
(b)
that letter of comfort could
properly have been accepted for
the purposes of paragraph (bb)
of the proviso to subsection (1)
after such commencement by virtue
of the provisions of subsection
(2), if the Commissioner had been
of the opinion referred to in
paragraph (b) of that subsection,
such letter of comfort shall be deemed
at all times to have been accepted under
paragraph (bb) of the proviso to sub-
section (1) and, until such time as the