1980-HKRS28-16-28_Part04 — Page 31

(p. 333.)

(Cap. 32)

30

(3) Where in respect of a default occuring prior to the appointed day a person has claimed compensation from the compensation fund but the claim has not at that date been disposed of, such claim may be continued and disposed of under this paragraph.

(4) The Commissioner shall, as soon as practicable after the appointed day, cause to be published in one or more English language newspapers and one or more Chinese language newspapers, published daily and circulat- ing generally in Hong Kong, a notice specifying a dalt, not being curlier than 6 months after publication of the notice, on or before which a claim for compensation from the compensation fund may be made by any person.

(3) Where, in respect of a default occurring prior to the appointed day, a person wishes to claim compensation from the compensation fund, he shall lodge his claim in writing with the Commissioner~~

() if a notice under sub-paragraph (4) has been published, an or

before the date specified in the notice; or

(b) if no such notice has been published, within 6 months after the claimant became aware of the default giving rise to the claim.

(6) Any claim that is not made within the time limited by sub- paragraph (5) shall, unless the Commissioner otherwise determities, be barred,

(7) In the event of an existing exchange being wound up (whether pursuant to Part IV of this Ordinance or otherwise), the Commission shall, after

(a) all claims made or continued under this paragraph have been

disposed of; and

(6) all outstanding liabilities against the compensation fund have been

satistted,

pay to the liquidator of the existing exchange the whole or any part remaining of the amounts contributed by the existing exchange under Part X of the Securities Ordinance, together with any income accured in respect thereof; and on any such payment being made those amounts shall form part of the assets of the existing exchange and shall be available to the liquidator for distribution in accordance with the Companies Ordinance.

Passed by the Hong Kong Legislative Coungst this 6th day of August 1980.

No. 56 of 1980

I ament

fook

Acting Gov

7 August

** I amend the Land Remleteation

Clerk

the Legislative Council.

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

Clerk to the Legislave Counců.