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(3) As soon as practicable after the execution of an agreement under this section, the Financial Secretary shall cause a copy of the agreement to be laid on the table of the Legislative Council.
4 (1) The Government may issue such bonds, promissory notes or other instruments on such terms and conditions as may be necessary for the purpose of giving effect to the terms of any agreement which may be entered into by it with a lender in respect of any borrowing under this Ordinance.
(2) Any bond, promissory note or other instrument issued by the Government under subsection (1) may be signed on behalf of the Gover- ment by the Financial Secretary or by any person authorized by him in writing.
4. (1) Any sums borrowed by the Government under this Ordin- ance shall, except in the case of sums borrowed for the purposes of the general revenue, be applied and are appropriated to the purposes for which they were borrowed:
Provided that any part of such a gum which cannot be applied to those purposes may be applied to such other purposes as may be approved by the Financial Secretary,
(2) Where sums borrowed under this Ordinance are not immediately available and expenditure in respect of the purpose for which they were borrowed must be met, such expenditure shall be charged as an advance pending reimbursement and the maximum amount which may be so ad- vanced in any financial year in connexion with any purpose shall be approved by resolution of the Legislative Council
(3) Any sum borrowed under this Ordinance and all interest and other charges thereon are hereby charged upon and shall be payable out of the general revenues and assets of Hong Kong
(4) Any expenses of or incidental to the raising of a loan may be defrayed from the sums borrowed.
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(1) Notwithstanding anything contained in any other law, an agreement concluded with a lender in respect of any borrowing under this Ordinance and any bond, promissory note or other instrument issued pursuant to any such agreement and any undertaking given in respect of any such agreement, bond, promissory note or justrument by the Gavern- ment shall be valid and enforceable and have full fores and effect in accordance with their respective terms.
(2) The Governor may, by order published in the Gazette, provide for the requssion of any tax, duty, charge or fee payable under any Ordinance in respect of any agreement, bond, promissory note or instru- ment concluded with a lender or issued in connexion with any borrowing under this Ordinance or in respect of any payment of interest or otherwisa under any such agreement, bond, promissory note or instrument.
Passed by the Hong Kong Legislative Council this 21st day of May, 1975.
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 AIN,
интет
Clerk to the Legislative Council.
Clerk to the Legislative Council.