1953-HKRS29-8-20_Part03 — Page 13

7

HONG KONG

No. 26 of 1953.

I assent.

Whan

(OSPETTAT.

roth September, 1953-

An Ordinance to amend the Life Insurance Companies Ordinance,

Chapter 36.

[11th September, 1953.]

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows-

1. This Ordinance may be cited as the Life Insurance Short title. Companies (Amendment) Ordinance, 1953.

of section

2. Section 7 of the Life Insurance Companies Ordinance Amendment (hereinafter referred to as the principal Ordinance) is amended by 7 the addition at the end thereof of the following new subsection (Cap. 36).

**(3) This section shall not apply in the case of a com- pany which being entitled to exemption under the provisions of section 31 is entitled to withdraw a deposit under sub- section (4) of that section."