1972-HKRS28-16-20_Part02 — Page 12

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Clerk to the Legislative Council,

This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.

I

Clerk to the Legislative Council.

HONG KONG

No. 29 of 1972

I assent.

M N Le

Governor.

11th May, 1972.

An Ordinance to prohibit chit-fund businesses and to make pro-

vision for other connected purposes.

[12th May, 1972.)

Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.

1. This Ordinance may be cited as the Chit-Fund Busi- nesses (Prohibition) Ordinance 1972.

2. In this Ordinance, unless the context otherwise te- quires—

"chit-fund" means a scheme or arrangement, whether known as chit-fund or “hwe?"" or by any other name, whereby or as part of which the participants subscribe periodically or otherwise to a common fund and that common fund is put up for sale or payment to the participants by auction, tender, bid, ballot or otherwise;

Shart tide.

Interpretation.