*
Clerk to the Legislative Council,
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
I
Clerk to the Legislative Council.
HONG KONG
No. 29 of 1972
I assent.
M N Le
Governor.
11th May, 1972.
An Ordinance to prohibit chit-fund businesses and to make pro-
vision for other connected purposes.
[12th May, 1972.)
Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.
1. This Ordinance may be cited as the Chit-Fund Busi- nesses (Prohibition) Ordinance 1972.
2. In this Ordinance, unless the context otherwise te- quires—
"chit-fund" means a scheme or arrangement, whether known as chit-fund or “hwe?"" or by any other name, whereby or as part of which the participants subscribe periodically or otherwise to a common fund and that common fund is put up for sale or payment to the participants by auction, tender, bid, ballot or otherwise;
Shart tide.
Interpretation.