1949-HKRS30-8-39_Part01 — Page 49

TELEPHONE ORDINANCE, 1925.

(Ordinance No. 9 of 1925).

Resolution made and passed by the Legislative Council under sub-section (2) of section & of the Telephone Ordinance, 1925, on 30th March, 1949.

WHEREAS by sub-section (2) of section 6 of the Telephone Ordinance, 1925, the Hong Kong Telephone Co., Ltd. may not borrow an mortgage except with the consent of the Legislative Council.

AND WHEREAS the said Company has requested such consent and the

granting of such consent is considered desirable.

IT IS RESOLVED that consent be given for the said Company to mortgage any of the lands and buildings of the said Company as security for a loan not exceeding six million dollars from the Hong Kong and Shanghai Banking Corporation.

COUNCIL CHAMDER,

30th March, 1949.

J.4. Hywant.

Deputy Clerk of Councile.