1974-HKRS28-16-22_Part04 — Page 40

Repeal of section 21.

(b) by deleting subsections (2) and (3) and substituting the

following

"(2) At any time after agreement or determina. tion by the Lands Tribunal of the amount of com. pensation to be paid under this Ordinance, the Authority may by notice published in the Gazette require the person entitled to such compensation to collect the same within the time and at the place specified in the notice.

(3) Any sum of money determined as com- pensation by the Lands Tribunal shall bear interest from the date of resumption of the land until the expiration of the time specified in the notice referred to in subsection (2). No interest shall be payable on any costs or remuneration.

(4) The rate of interest for the purposes of subsection (3) shall be that paid from time to time by members of the Exchange Banks Association on deposits at 7 days' call or such other rate as may be determined by resolution of the Legislative Council.”.

14. Section 21 of the principal Ordinance is repealed.

Passed by the Hong Kong Legislative Council this 14th day of August, 1974.

ингтей

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.