1979-HKRS28-16-27_Part01 — Page 42

a sou menoleh SELESAI ZU

re held by a bank in Hong Kong for the account Fund shall not be treated as deposit liabilities of k for the purposes of subsection (2) of thal

In this section, “bank", "money at call" and at short notice" have the respective meaning I to them by section 2 of the Banking Ordinance.".

.I

Hong Kong Legislative Council this 25th day

EDG ETHE

No. 18 of 1979

Fin

Clerk to the Legislative Council,

impression has been, carefully compared by me

ad la found by me to be a Irse and correctly the said bir

J

+

Clerk to the Legislative Council.

1 assent.

Mr., Mr. John

Governor,

26th April. 1979,

An Ordinance to amend the Banking Ordinance.

[27th April 1979)

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

لية

hm.

1. This Ordinance may be cited as the Banking (Amendment) Short tuk. Ordinance 1979.

2 The principal Ordinance is amended by deleting the long tille Replacement and substituting the following-

"To make better provision for the licensing and control of banks and banking business, to regulate such business for monetary policy purposes, and to make provision for matters connected therewith.”.

of long tide. (Cap. 155)

3. The principal Ordinance is amended by adding, after Rection Addition of 18, the following section-

Hartstide

bonding of

pecified quid Legea for

monetary poller

DUTPONCI.

18A. The Financial Secretary may from time to time,

in pursuance of the monetary policy of the Government, by order, which shall be published in the Gazette, mise or reduce the minimum percentage of deposit liabilities by reference to which every bank is required to maintain a holding--

dew Rection 18A.