TNAG-0351-FCO40-387-Future-of-broadcasting-in-Hong-Kong-1972 — Page 75

37

14.

Clause 18 amends section 37 (2) of the principal

Ordinance. The effect of the amendments of this

subsection is to broaden the grounds on which the

Television Authority may, on the advice of the Television

Advisory Board, require the payment from a licensee of

a specified financial penalty. In effect, a financial

penalty may be imposed if any licensee fails to comply

with any provision of the Ordinance or any regulation

made thereunder or any direction or order issued or

made by the Television Authority under the principal

Ordinance.

15.

Clause 19 amends section 40 of the principal

Ordinance. This amendment requires particulars of the

domestic residences of the directors, office holders of

a licensee company and the owners of the beneficial

owners of the voting shares thereof to be submitted

annually to the Television Authority in addition to

the names of such persons.

16.

Clause 20 repeals and replaces section 41 of

the principal Ordinance, which provides for the

calculation of royalty payable by a licensee. New

section 41 sets out the new method of calculation of

royalty payable by licensees.

New section 41A provides

for quarterly payments of such royalty.

Page 75Page 76