TNAG-0351-FCO40-387-Future-of-broadcasting-in-Hong-Kong-1972 — Page 72

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Telecommunication Ordinance (Chapter 106) to operate

ancillary associated telecommunication services which

are authorized by the Telecommunications Authority.

Clause 7 repeals and replaces sections 9,

5.

These requirements are more

10 and 11 of the principal Ordinance. New section 9

sets out the period of validity of licences and provides

for renewal dates within that period. New section 10

omits reference to entrenched clauses and, in substitution

therefor, sets out the requirements with which a company

must comply in order to be competent to apply for a

licence to broadcast.

detailed and, in some cases, more stringent than the

requirements and conditions formerly set out in sections

10 and 11 of the principal Ordinance. New section 11

sets out special conditions under which a licence to

broadcast shall be issued. The exceptions to these

special conditions are set out in the new section 11A.

Also included in the latter clause are special conditions

which shall apply to Television Broadcasts Limited on

the renewal of its current licence. New section 11B

requires a licensee company to state clearly the effect

of the new sections 10, 11 and 11A in any prospectus

which it may issue at any time.

6.

Clause 8 repeals and replaces section 13 of

the principal Ordinance in modified form to provide

for the renewal of licences.

Clause 9 amends section 14(3)

of the principal Ordinance. This amendment empowers

the Governor in Council to revoke a licence in the

event of a licensee company going into liquidation

or making an assignment to, or composition with its

creditors.