1969-HKRS30-8-59_Part02 — Page 55

6. The Organization shall have exemplion from taxes on the importa- tion of goods directly imported by the Organization for its official use in Hong Kong or for exportation, or on the importation of any publications of the Organization directly imported by it, such exemption to be subject to compliance with such conditions as the Director of Commerce and Industry may specify for the protection of the general revenue of Hong Kong.

7. The Organization shall have exemption from prohibitions and restrictions on importation or exportation in the case of goods directly imported or exported by the Organization for its official use and in the case of any publications of the Organization directly imported or exported by it,

8, The Organization shall have the right to avail itself, for Lete- graphic communications sent by it and containing only matter intended for publication by the press or for broadcasting (including commumica- tions addressed to or despatched from places outside Hong Kong), of any reduced rates applicable for the corresponding service in the case of press telegramts.

PART II.

OFFICERS AND EXPERTS,

4. Except in so far as in any particular case any privilege or im- munity is waived by the Organization, any Governor, Director, alternate, officer and servant of the Organization and any expert performing a mission for the Back shall enjoy in Hong Kong-

(a) immunity from suit and legal process in respect of acts, including words written or spoken, done or omitted to be done by him in the course of the performance of official duties, except in the cass of a motor traffic offence committed by him or in the case of damage caused by a motor vehicle belonging to or driven by him; (b) exemption from income tax in respect of emoluments received

by him as an officer of the Organization.

19th April 1969.

By Command.

Hugh Naman Wahan

Colonial Secretary.

Explanatory Note.

(This Mote is not part of the notification, but is intended to indicare its general purport).

Following upon the Order in Council made by Her Majesty under section 1 of the International Organizations (Immunities and Privileges) Act, 1950 of the United Kingdom the affect of this notification is to declare the Asian Development Bank to be an organization to which the Diplomatic Privileges Ordinance, Chapter 190, applics and to declare the privileges and exemptions to be enjoyed by the organization in Hoog Kang.

(Secretariat CR 8/5681/64)

THE HONGKONG AND SHANGHAI BANKING

CORPORATION ORDINANCE.

(Chapter 70).

ORDINARY RESOLUTION.

It is notified that the following resolution was duly passed at an Extraordinary General Meeting of the Corporation held on Friday, 28th March, 1969:-

"That pursuant to Section 7(2) of The Hongkong and Shanghai Banking Corporation Ordinance the capital of the Corporation be increased from two hundred million dollars to three hundred million dollars by the creation of four million new shares of twenty-five dollars each."

Certified that the above Ordinary Res- olution was proposed and duly passed at an Extraordinary General Meeting of Shareholders on Friday, 28th March. 1969.

under

Chairman,