(2) At any time before the appointed day the Financial
Secretary and the Corporation may agree in writing that subsection
(1) shall not have effect in relation to any property, rights,
privileges, liabilities or contracts specified in the agreement and
subsection (1) shall not have effect in relation thereto accordingly.
Subsection (1) shall not have effect in relation to
(3)
(4)
(a) the terms of employment of any person as a public
officer except to the extent that his contract of
employment as a public officer specifically provides
for the assumption by the Corporation of rights,
obligations and interests under the contract;
immovable property or any contract for the sale,
lease or other disposition of immovable property;
the Technical Services Agreement made on 21 December
1987 between the Government and Hong Kong Telecom
(b)
(c)
International Limited.
If the Financial Secretary or the Corporation represents
to the Governor in Council before the appointed day that they have
failed to reach agreement under subsection (2) in relation to any
property, right, privilege, liability or contract and that agreement
is unlikely to be reached, the Governor in Council may, whether
before or after the appointed day, give a direction determining the
matter including a direction that subsection (1) shall not have
effect in relation to any such property, right, privilege, liability
or contract; and where it is so directed that subsection (1) shall
not have effect in relation to any property, right, privilege,
liability or contract, subsection (1) shall not have effect in
relation thereto accordingly.