5.
(a) section 7, which provided that, upon commencement of
the principal Ordinance, directors of the Bank and its
subsidiaries ceased to be such directors, and which
provided for the appointment of other persons as
chairman and directors;
(b)
(c)
(a)
section 10, which empowered the Governor to give
directions to the directors;
section 11, which gave the Governor in Council the
power to declare that certain provisions of the
principal Ordinance should cease to have effect; and
section 12, which provided that the principal
Ordinance was to prevail over specified Ordinances and
instruments.
Clause 6 amends section 9 by abrogating the power of the
Governor in Council to make regulations providing for the management,
control and operations of the Bank and its subsidiaries.
[Public Service staffing and financial implications].
6.