TNAG-1078-FCO40-1328-Policy-of-the-Hong-Kong-Government-on-television-services-1981 — Page 36

(2)

Hong nong

unaudited RTV balance sheet as at 31st December, 1980);

the RTV bank overdraft (identified as about Hong Kong $104.2 million in the unaudited RTV balance sheet as at 31st December, 1980); and

(3)

the loan of RHK to RTV (identified as about Hong Kong $86.8 million in the unaudited RTV balance sheet

as at 31st December, 1980).

The parties will ensure that this will be done in such a manner as not to impose any liability on RTV in relation thereto (other than in respect of the subordinated loan referred to in Clause 6

hereof) and the parties will use their best

endeavours to ensure

to RTV are preserved.

(b)

that the tax losses available

RHK soliciting the support and approval of the other shareholders of RTV to the .transfer of the shares and the

registration of the share transfer, and obtaining a waiver by the other shareholders of their rights of

pre-emption in respect of the RTV

shares.

(c)

The consent of the Television Authority of Hong Kong to the maintenance by RTV of the television licence granted to RTV, for a period not less than the balance of the term of its existing licence, having

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