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28-5.42
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Want reply
WBW7.25am
Mr. Chorley came and discussed the draft
Order with me on the 29th of June. He suggested a number of drafting amendments which are shown in red on the file copy of the Order and also raised the following points:-
(1) He referred to the fact that Clause 2 provides only for the application of Hong Kong funds for Hong Kong purposes and said that if in future there were any proposal to apply the money for any other purpose, e.g. as a gift to the U.K. Government, he is inclined to think an
I doubt this Act of Parliament would be necessary. myself, I think he had in mind political
In any propriety rather than legal principles. case it would be as well to bear the point in mind since it would arise if after the war it is proposed to hand over Hong Kong to China while keeping Hong Kong Government funds.
end-
I do
(2) Clause 3 and the First Schedule. He is inclined to think that this is unnecessary that it is quite sufficient to give power to apply the Hong Kong funds for Hong Kong Government purposes. Alternatively, the Order does not provide for sufficient adaptation of the Ordinances not agree with the first of these suggestions but in going into the matter further I think it is clear that his alternative is correct and it will be necessary for the Department to consider what more they require the following -
(4) Public Works Loan Redemption Ordinance.
Sections 6 and 11 require transactions to be conducted at the head office of the Hong Kong and Shanghai Banking Corporation. Does this
require