Mr. CHAM : Sir, what are the main proposals of the amendment
will there be any provisions to help
Bill? In particular,
investigate or detect unregistered money lenders?
Financial Secretary : Yes, Sir, the proposals to be put
forward in the amendment Bill are intended
to update the
Ordinance, to improve its operation and administration, and to
reduce from its application particular financial and commercial
transactions which the Ordinance was not originally intended to
cover. The proposals have resulted from an examination by the
Registrar General of the continued application of the Ordinance
and are in response to a number of suggestions from the private-
sector, in particular from the
the Law
Law Society. As to the exact
details of the Bill, I am not yet in a position to give them
but I hope to introduce the Bill into this Council either
towards the end of this session or early in the next session.
I think that the totality of the provisions will undoubtedly
assist the authorities in investigating complaints.