10.
44.
11
Is there anything in the Chinese Bank: Law of 1931 (translation in China Year book 1933 and 1934), whether that law is or is not enforced in China, which ought to be incorporated in the law of Hong Kong? Should this law be examined, clause by clause, by a sub-committee consisting of one legal and one banking member?
11
Is the machinery for enforcing the existing and future law in Hong Kong adequate? ho is responsible for seeing that. for instance, Section 130 (2) of the Companies Ordinance is actually being observed?
Are the accounts and returns which are
already made examined by someone who is responsible for bringing to the notice of Government any danger-signals that may appear in them? Is there need of a special appointment for this purpose, and if so could it be held by any existing officer? Would it be useful to set up a standing Banking Advisory Committee? Ought the Government X to have power to order an investigation into the affairs of a bank if such an Advisory Committee (?unanimously) so advises?
That, if any, power has Government to intervene if it is convinced that the continued operation of a bank is a danger to its depositors. Can it step in and minimise the loss by compelling liquidation? or can this only be done on the application of creditors? Ought Government to have powers in this respect?
12.
Do difficulties arise in connection with Chinese accounts? or can all institutions which come within the scope of any proposed legislation be compelled to submit the accounts required in English?
(Note In 134 (1) of the H.K. Ordinance The court may appoint...
↓
appoint..
in 113 (1) of the S.S. Ordinance "The Governor may
+
•
No comments yet.
Private notes are available after approval.