TNAG-0678-FCO40-827-Allegations-of-corruption-and-bribery-in-Hong-Kong-1977 — Page 61

7.

As indicated in the Secretary for Administration's letter of 17 August, 1976, to your Association, the

ter Prevention of Bribery Ordinance makes it clear that the law permits the receipt or payment of commissions or rebates if these are approved by the recipient's principal or employer, whether generally or in a particular case. The intention of the law is to protect the legitimate interests of business firms, shareholders and consumers; to guard against principals being deceived by their agents, and to safeguard fair and honest business transactions.

CF. AG.

CAC SHA

(Denys Roberts) Chief Secretary

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