1975-HKRS28-16-23_Part01 — Page 49

Amendment

2

(2) A person so appointed to be an additional director of the company shall represent the Govern- meat and for that purpose shall be entitled to participate at meetings of the company and the board of the company, to have access to all material con- cerning the affairs of the company which is available to any other director and require such information with respect to the company's affairs as he may specify to be furnished to him, and, without prejudice. to the foregoing but subject to subsection (3), any, such person shall be treated for all purposes as if he had been appointed at a general meeting of the com- pany as a director thereof.

(3) No fee or other financial reward shall be paid by the company to a person appointed to be an addi- tional director of the company under this section in respect of his performance of the functions of auch/ a director.".

3. Section 5 of the principal Ordinance is amended by add- of section 5. ing the following new subsection--

"(4) Notwithstanding subsection (1), no royalty shall be payable by the company in respect of the two years com- mencing respectively on the 1st January 1974 and the 1st January 1975.".

Passed by the Hong Kong Legislative Council this 5th day of February, 1975.

интет

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.

1 assent.

M

Governor.

Clerk to the Legislative Council.