Amendment of section 45.
Addition of section 46.
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licensee calculated in accordance with section 41 or such sum as the Financial Secretary may determine.
(3) As soon as the net profit of a licensee for its current accounting year has been ascertained under section 41 a final adjustment shall be made and the Government shall refund to the licensee any sum paid on account in excess of the royalty due for that year, or if the amounts paid on account by the licensee are less than the royalty due, the licensee shall pay to the Accountant General the balance thereof.”.
21. Section 45 of the principal Ordinance is amended in subsection (1)
(a) by deleting paragraphs (a) and (b) and substituting the
following-
"it is necessary for the proper exercise of his func- tions under this Ordinance"; and
(b) by renumbering sub-paragraphs (1), (ii), (iii) and (iv) as
paragraphs (a), (5), (c) and (d), respectively.
22. The principal Ordinance is amended by adding the fol lowing after section 45-
"Confiden tial material to be safe- guarded.
46. (1) Subject to subsection (2)——
(a) any information which is furnished by a licensee to, and any document which is produced by a licensed to, the Board, the Television Authority, the Telecommunica- tions Authority or any person authorized thereby, under this Ordinance shall be treated as confidential; and
(b) no such information or document or any copy thereof shall be divulged or shown to any person other than in confidence to members of the Board or to a public officer acting in the performance of his duties under or for the purposes of this Ordinance. (2) A licensee may permit, subject to such con- ditions as it may specify, the Board, the Television Authority, the Telecommunications Authority or any person authorized thereby-
(a) to divulge specified information which it
has furnished thereto; or
(b) to show any specified document or any copy thereof which it has produced thereto,
to any person or to any specified person.".
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23. (1) The licence granted before the date of commence- ment of this Ordinance shall continue in force until it is renewed in accordance with section 13 of the principal Ordinance, as re- pealed and replaced by this Ordinance, as if this Ordinance bad not been enacted.
(2) On the renewal of the licence referred to in subsection (1), such licence shall remain subject to the provisions of the principal Ordinance as if this Ordinance had not been enacted until the date of commencement of the first licence granted after the date of commencemeal of this Ordinance, and, after the date of commencement of that licence, shall be subject to the provisions of the principal Ordinance as amended by this Ordinance:
Provided that section 11 of the principal Ordinance, as re- pealed and replaced by this Ordinance, shall apply in respect of the existing licensee from the date of its first renewal.
Passed by the Hong Kong Legislative Council this 31st day of January, 1973.
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.
to the Legislative Council,
Transitional provisions affecting existing licensee.