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(3) If the other body corporate has subsidiaries, the report referred to in sub-paragraph (1) shali----
(4) so far as regards profits and losses, deal separately with the other body corporate's profits or losses as provided by sub- paragraph (2), and in addition deal cither-
() as a whole with the combined profits or losses of its sub- sidiaries, so far as they concern members of the other body corporate; or
(i) individually with the profits or losses of each subsidiary, so far as they concern members of the other body corporate; or, instead of dealing separately with the other body corporate's profits or losses, dent as a whole with the profits or losses of the other body corporate and, so far as they concern members of the other body corporate, with the combined profits or losses of its subsidiaries; and
(6) so far as regards assets and liabilities, deal separately with the other body corporale's assets and liabilities as provided by the last foregoing sub-paragraph and, in addition, deal either-
(i) as a whole with the combined assets and liabilities of ita subsidiaries, with or without the other body corporate's assets and liabilities; or
(i) individually with the assels and Babilities of each sub- sidiary:
and shall indicate as respects the assels and liabilities of the subsidiaries the allowance to be nande for persons other than members of the company.
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or servant, of the company or of the company's subsidiary or holding company or of a subsidiary of the company's holding company; and for The purposes of this paragraph the expression "officer" shall include a proposed director but not an auditor.
1. For the purposes of Part 1, the description of a person, that is to say, bis profession, trade or other occupation shall be stated with particularity and precision; and the description "Company Director" shall be inadequate Unless supplementary information is provided stating the nature of the relevant company's business.
B. For the purposes of Pari 1, "address" in the case of a natural person means the place of his usual residence.".
22. The Ninth Schedule to the principal Ordinance is amended by deleting "38", "43" and "94" in the column headed "Section" and the entries opposite thereto in the second column.
Passed by the Hong Kong Legislative Council this 13th day of December, 1972.
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.
Amendment of Ninth Schedule,
PART III
PROVISIONS AFFLYING TO PARTS [ AND II of this SCHEDULE
3, In this Schedule the expression "vendor" includes a vendor as defined in Part III of the Third Schedule, and the expression "financial year" has the meaning assigned to it in that Part of that Schedule.
4. If in the case of a business which has been carried on, or of a body corporate which has been carrying on business, for less than five years, the accounts of the business or body corporate bave only besa made up in respect of four years, three years, two years or one year, Part I shall have effect as if references to four years, three years, two years or one year, as the case may be, were substituted for references to Ave years.
5. Any report required by Part II shall either indicate by way of note any adjustments as respects the figures of any profits or losses or assets and liabilitics dealt with by the report which appear to the persons making the report necessary or shall make those adjustments and indicate that adjustments have been made.
6. Any report by accountants required by Part 1 shall be made by accountants authorized under this Ordinance for appointment as auditors of a company and shall not be made by any accountant who is an officer or servant, or a partner of or in the employment of an officer
Clerk to the Legislative Council.