Addition of new section
21A
2
section (2), or amend that rate for any year; and any resolution under this subsection may have ret- rospective effect to the 1st of January of the year in which the resolution is passed.".
3. The principal Ordinance is amended by adding the following new section after section 21-
**Remission
of permit fee.
21A. Notwithstanding section 21 the permit fee payable by the company for the year ending on the 31st of December 1972 shall be $25,000.".
Passed by the Hong Kong Legislative Council this 1st day of November, 1972.
HONG KONG
No. 67 of 1972
Clerk
Legislative Council.
AR
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.
Clerk to The Legislative Council.
1 assent.
the
Mr. Madden
т
Governor.
2nd November, 1972.
An Ordinance to amend the Bills of Exchange Ordinance.
[
1
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 Bills of Exchange (Amendment) Ordinance 1972 and shall come into operation on a day to be appointed by the Governor by notice in the Gazette.
2. Section 14 of the principal Ordinance is amended by deleting paragraph (a) and substituting the following—
1971 80,
14. 300.
3.
"(a) the bill is due and payable in all cases on the last day of the time of payment as fixed by the bill or, if that is a general holiday, on the succeeding business day;".
This Ordinance shall not apply to bills drawn and notes made before the commencement of this Ordinance.
Short title and comumencement.
Amendment of section 14. (Cap. 19.)
Application.