TNAG-0351-FCO40-387-Future-of-broadcasting-in-Hong-Kong-1972 — Page 47

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Special conditions

9 -

under its memorandum of asso-

ciation to comply fully with the

provisions of this Ordinance and

the conditions of its licence;

(j) not less than 25 per cent of the

voting shares of the company shall,

at the date of issue of the

licence, be beneficially owned by

persons or companies ordinarily

resident in Hong Kong.

11.

(1) Subject to section 11A, a

of licence.

licensee

(a) shall comply at all times with

paragraphs (a) to (i) of section

10;

(b) shall ensure that, on or before

the expiration of 4 years after

the date of issue of its licence

and at all times thereafter

(i) not less than 51 per cent of

the voting shares of the company

are beneficially owned at all times

by persons or companies ordinarily

resident in Hong Kong; and