TNAG-0351-FCO40-387-Future-of-broadcasting-in-Hong-Kong-1972 — Page 52

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(i) divest itself of any

controlling interest which, on the

date of first renewal of its

licence, it may hold in any

company, corporation or firm

carrying on or controlling any

form of business not directly

connected or associated with the

establishment and operation of a

television broadcasting service or

such associated ancillary tele-

communication services as may be

authorized by the Telecommuni-

cations Authority; and

(ii) sell or otherwise dispose of

all of the voting shares of any

such company, corporation or firm

which, on the date of first

renewal of its licence, it may own

in excess of 49 per cent of the

voting shares of such company,

corporation or firm; and

(c) the licensee shall, except so far

as may be specified by the Governor

in Council on the first renewal

of its licence, comply at all times

with section 11.