Clerk
the be
Counc
i
HON EO
No. 74 of 1979
I assent.
Look Cater
Acting Governor,
29th November, 1979,
An Ordinance to amend the Banking Ordinance.
(30th November, 1979)
Enacted by the Govemer of Hong Kong, with the advice and consent
of the Legislative Councü thereof.
1. (1) This Ordinance may be cited as the Banking (Amendment) Short que nad (No. 2) Ordinance 1979.
commenceMACOL
(2) Sections 2, 4 and 5 shall come into operation on the commence- ment of section 9 of the Deposit-taking Companies (Amendment) Ordinance (74 mi 1978) 1978.
2 Section 201) of the principal Ordinance is amended by inserting Amendment of in the appropriate alphabetical order the following definitions
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""certificate of deposit" means a document relating to money, in any currency, which has been deposited with the issuer or some other person, being a document which recognizes an obligation to pay a stated amount to bearer or to order, with or without interest, and being a document by the delivery of which, with or without endorsement. the right to receive that stated amount with or without interest, is transferable;
"registered deposit-taking company" means a company registered as a deposit-taking company under the Deposit-taking Companies Ordinance:"",
vection 2 (Cap. 155.1