7
WEDNESDAY, JANUARY 20, 1988
ON THE QUESTION OF RECREATIONAL LEASES, MR BARNES SAID: LEASES ARE SPECIAL PURPOSES LEASES WHICH WILL NOT BE EXTENDED BILL.
BY
"THESE THE
SPECIAL PURPOSE "EACH LEASE GRANTED FOR A
WILL BE HAVING REGARD TO BEFORE A DECISION IS TAKEN ON EXTENSION, POLICY.
EXAMINED EXISTING
WILL BE ADDRESSED
IN TRE
"THE QUESTION OF PREMIUM AND RENT CONTEXT OF EXAMINING THE EXTENSION OF THESE LEASES," MR BARNES SAID.
HE
THE ISSUE OF
DEEDS
MUTUAL OF URBAN AREA AND THE THIS BILL AND
THAT ADDED
"OPPRESSIVE COVENANT", A PROBLEM COMMON TO BUILDINGS IN THE NEW TERRITORIES, CANNOT BE APPROPRIATELY ADDRESSED BY IT WAS BEING TACKLED SEPARATELY BY THE GOVERNMENT.
BILL TO EXEMPT FROM DISCLOSURE OF LOAN DETAILS TO DIRECTORS
THE
HON PIERS
TODAY JACOBS,
ΤΟ ORDINANCE
MEET THE GENERAL PRINCIPLE OF
PUBLIC
THE DURING
FINANCIAL SECRETARY, THE
ΤΟ AMEND THR (WEDNESDAY) MOVED
COMPANIES REQUIREMENT OF BANKING CONFIDENTIALITY AND THE
OF
INFORMATION DISCLOSURE
TO THE LEGISLATIVE COUNCIL MEETING.
RELEVANT
AMEND FINANCIAL DISCLOSE IN THEIR ANNUAL COMMERCIAL TERMS то INDIVIDUAL
SPEAKING DURING THE SECOND READING OF THE COMPANIES (AMENDMENT)
THE PURPOSE OF THE BILL WAS TO BILL 1988, MR JACOBS SAID SECTION 161B OF THE ORDINANCE IN ORDER TO EXEMPT AUTHORISED
ΤΟ THE REQUIREMENT INSTITUTIONS FROM ACCOUNTS DETAILS OF LOANS ON NORMAL DIRECTORS AND OTHER OFFICERS.
INSTEAD, SUCH
DETAILS WOULD
DAYS
BE MADE
FOR AVAILABLE
PUBLIC
INSPECTION FOR 14
PRIOR TO AN INSTITUTION'S ANNUAL GENERAL MEETING AND FOR SEVEN DAYS THEREAFTER, HE ADDED.
EXPLAINED MR JACOBS
THAT THE COMPANIES ORDINANCE REQUIRED
KONG, INCLUDING SUCH EVERY COMPANY INCORPORATED IN HONG
AUTHORISED то SET FINANCIAL INSTITUTIONS AS BANKS AND DEPOSIT-TAKING COMPANIES,
MADE OUT IN ITS ANNUAL ACCOUNTS DETAILED INFORMATION CONCERNING LOANS
DIRECTORS OF ITS
AND OFFICERS, OR BY THE COMPANY TO ANY
то ANY COMPANY CONTROLLED BY ANY OF ITS DIRECTORS,
THE
THAT "THE BANKING COMMUNITY HAS EXPRESSED SERIOUS CONCERN
INCLUSION OF CUMBERSOME PRESENT DISCLOSURE REQUIREMENT INVOLVES THE AND EXCESSIVE DETAIL IN THEIR ANNUAL ACCOUNTS.
CONSTITUTE A "FURTHERMORE, PUBLICATION COULD DUTY OF CONFIDENTIALITY OWED BY A BANK TO ITS CUSTOMER,
BREACH OF THE
"
HE SAID.
/HE ADDED