Kwww BOLIG
of the principal Ordinance is amended by to- | the following-
tot 18A".
Kong Legislative Council this 25th day of
Pla
||
Clerk to the Legislative Council.
lession has been carefully compared by me found by the ip be a true and correctly Zd bill.
HING EURE
No. 19 of 1979
Clerk to the Legislative Council,
I assent.
Mr. M. Scha
Governor.
26th April, 1979.
An Ordinance to amend the Deposit-taking Companies Ordinance.
[
1
Enacted by the Governor of Hong Kong, with the advice and con- sent of the Legislative Council thereof.
1. This Ordinance may be cited as the Deposit-taking Companies Short ulike mod (Amendment) Ordinance 1979 and shall come into operation on the day come. appointed for the commencement of section 9 of the Deposit-taking 04 of 1978) Companies (Amendment) Ordinance 1978.
The long title to the principal Ordinance is amended by in- Amendment of serting after "deposit money” the following--
"and for the regulation of deposit-taking business for monetary policy purposes".
Home Hike
(Cap. 328)
3. The principal Ordinance is amended by adding after section Addidos of 24A the following section-
of lahmc.m beslag of
specified Hauld
248. The Financial Secretary may from time to time,
in pursuance of the monetary policy of the Government, by order, which shall be published in the Gazette, raise or reduce the minimum percentage of deposit liabilities muntary policy by reference to which every registered deposit-taking
company is required to maintain a holding-
for
purposes.
new perioo JE.