(a) the terms "Government stock" and "land" have the
same meaning as in section 2 of the Supreme Court Ordinance
(Cap. 4);
(b)
the terms "stock" and "unit trust" have the same meaning as
in section 20A of that Ordinance.
Explanatory Memorandum
The purpose of this Bill is to introduce new powers for
tracing and freezing the proceeds of drug trafficking and for
confiscating those proceeds which are in the hands of persons
convicted of drug trafficking offences. It also creates new offences
of assisting a person to retain or conceal the proceeds of drug
trafficking and of disclosing information likely to prejudice an
investigation into drug trafficking.
2. Part I deals with preliminary matters. Clause 2 sets out
the definition and usage of various terms in the Bill. Drug
trafficking is defined as doing, or being concerned in, whether in
Hong Kong or elsewhere, an act constituting an offence, being an
offence listed in Schedule 1 to the Bill, or a corresponding offence
in the country where it is committed. The term also includes being
concerned in arrangements to assist another in retaining the proceeds
of drug trafficking.
3.
Part II deals with the making of confiscation orders.
Clause 3 provides that the High Court or District Court shall, where
a person convicted of a drug trafficking offence (the defendant)