1964-HKRS28-8-31_Part02 — Page 40

Period

allowed for compliance

with secilonis 21 to 29.

Period

allowed for compliance with tec- tien 18.

(Cap. 155).

Saving of creditors"

voluntary

winding-up.

Amendment

30

75. Subject to the provisions of section 46, any bank which, prior to the commencement of this Ordinance, entered into any business or transaction incompatible with section 21, 22, 23, 24, 25, 26, 27, 28 or 29 shall within six months after the commencement of this Ordinance, sub- mit a full and accurate statement of such business or transaction to the Financial Secretary and shall liquidate such business or transaction within two years after the commencement of this Ordinance, or such longer period as the Financial Secretary may specify in any particulat

case.

76. Notwithstanding anything in section 18, a period of six months after the commencement of this Ordinance shall be allowed for compli- ance with the provisions thereof by any bank which, at the date of commencement of this Ordinance, held a valid licence under the Banking Ordinance repealed by this Ordinance.

77. The provisions of subsection (1) of section 55 shall not affect any creditors' voluntary winding-up commenced before the commence- ment of this Ordinance.

78 (1) Subsection (1) of section 130 of the Companies Ordinance

of section 130 is amended by the deletion of the words "a limited banking com.

pany or".

of the

Companies

Ordinance

(Cap. 32)

and repeal of

the Banking Ordinance (Cap. 153).

(2) The Banking Ordinance is repealed.

This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 14th day of October, 1964, and is found by me to be a true and correctly printed copy of the said Bill.

Deputy Clerk of Councils.

(Secretariat FR2/2201/621V)

HONG KONG

No. 31 of 1964.

F assent.

Kruch

Governor.

Sth November, 1964.

An Ordinance further to amend the Buildings Ordinance, 1955.

[4th September, 1964.)

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 Buildings (Amendment) Short tide (No. 3) Ordinance, 1964, and shall be deemed to have had effect as from the 4th day of September. 1964.

wed com- meticedent.

2. Section 9B of the Buildings Ordinance, 1955, is amended, in Amendment subsection (4), by the deletion of the words "of the collapse" and the substitution therefor of the following-

"and he is not satisfied that the collapse or the likelihood of the collapse".

of section ?B.

(68 of 1955, 1960 Reprint).