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Section VII
Monetary System Action Officer; SMA GD Branch Liaison Officer: PAS (GD) 2
Target
Completion Date
Medium term
a Bring control of Exchange Fund wholly
within the authority of HKG (i.e. Amend Exchange Fund Ordinance S.3, 5 and 8);
b
C
Amend Clause 6 of Chartered Bank's Royal Charter, the Hong Kong and Shanghai Banking Ordinance (Chapter 70) and the Bank Note Issue Ordinance on the authority to issue bank notes;
Replace Hong Kong Coinage orders 1936 to 1978 by Hong Kong Legislation;
Long Term
d
e
Consider whether Bank of China should become a note issuing bank and join Exchange Fund Advisory Committee*;
Consider arrangements for replacement of notes and coins*.
G.F. 316
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