M(87)11
CONFIDENTIAL
133
(iii) in the context of
paragraphs 40 to 41 of
the report to the
adverse impact of the
Sino-British
negotiations on market
confidence and
the
positive effects of
the Joint Declaration.
report.
The Council congratulated the Commissioner on the
In discussing this item, Mr Purves mentioned the
possible amendment to S161 of the Companies Ordinance.
Members were reminded that it had been decided by the
Governor in Council on
should not be amended.
been discussed in an OMELCO in-house meeting and it had been
decided not to propose any amendment at this stage. Miss
25 November 1986 that the section
Miss Dunn added that the matter had
Dunn conceded that the matter could be reviewed in future.
The Acting Governor directed that the Administration should
not be drawn into any discussion with OMELCO.
(The Secretary for Monetary Affairs,
Mr D.A.C.
NENDICK, and the Commissioner of Banking, Mr R FELL, attended
before the Council for the discussion of this item.)
CONFIDENTIAL