TNAG-0563-FCO40-658-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 68

機密

CONFIDENTIAL B

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12

in the name of The Colonial Treasurer Incorporated and held

by him in trust on behalf of the Government.

Power to borrow and to issue stock etc.

11. (1) Subject to subsection (3) the Corporation

may, in any currency and on such terms and conditions as

it thinks fit -

G.F. 323

(a) borrow or otherwise raise money and charge all

or any part of its property as security therefor;

(b) create and issue bonds, notes or other securities

which may be charged on the property, undertaking

and revenue of the Corporation or any part

thereof.

(2) In exercise of the powers conferred by section

6(2)(a) and subsection (1)(a) the Corporation may purchase

property under an agreement providing for the payment of

the whole or part of the purchase price by instalments.

(3) The powers conferred by subsection (1) may be

exercised to provide the Corporation with such sums or

credits as it may require for -

(a)

carrying out the purposes referred to in

section 6(1);

(b) repaying money previously borrowed by it therefor

and interest, premium or other charge on such

money;

CONFIDENTIAL ##