Amendine or section 130.
6.
Aumendinacat pd Second Schedule.
4
Section 100 of the principal Ordinance is amended-
(a) by renumbering the section as subsection (1) thereof; and
by inserting the following new subsections-
(5)
(Cap. 135.)
(Cap 31)
(Cap. 15%)
" Subsection (1) does not apply to a trust company that is the subsidiary of a bank licensed under section 7 d the Banking Ordinance.
(3) For the purposes of subsection (2) of this section, subsections (4), (5) and (6) of section 2 of the Companies Ordinance shall apply as if cach reference in those subsection to “a company" or "the first-mentioned company" were cerd as a reference to a trust company and as if each reference È those subsections to "another company" or "other company wete read as a reference to a bank licensed under section of the Banking Ordinance.".
7. The Second Schedule to the principal Ordinance is amended- (a) in paragraph 7 by deleting "one million pounds" and substitutini
“£5,000,000"; and
(8) by deleting paragraph 19(e) and substituting the following-
"(c) at the date the investment is made the securities are listed on a stock exchange approved or deemed to have bead approved under the Securities Ordinance 1974; and".
(12 of 1974.)
Passed by the Hong Kong Legislative Council this 2nd day of April 1975.
HONG KONG
No. 24 of 1975
I assent.
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 bil.
сгорается
Clerk to the Legislative Council.
Mr. M. Liha
Governor.
3rd April, 1975.
An Ordinance to amend the China Fleet Club Incorporation
Ordinance.
[4th April, 1975]
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 China Fleet Club Short title. Incorporation (Amendment) Ordinance 1975.
2. Section 3 of the principal Ordinance is repealed and Repeal and replaced by the following-
“Powers
of the
corporation.
3. (1) The corporation shall have the follow- ing powers-
(a) to acquire, lease, bold and enjoy any land or buildings on such terms as the trustees think fit,
replacement of section 3. (Cap. 10101