TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 10

XCC(83) 117

CONFIDENTIAL **

6

機密

be excluded from the class of borrower to which lending would be restricted on grounds of having a director in common with the bank. (The DTC Ordinance does not require a parallel exclusion clause because the definition of a company in the DTC Ordinance - and hence of a non-listed company already excludes a corporation such as the MTRC).

Advice sought

21

-

Members will be asked to advise whether the amendments,

annexed as

to this memorandum, should be introduced at the committee stage of the two amendment bills.

(The Secretary for Monetary Affairs, Mr D.W.A. BLYE, the Commissioner of Banking and Deposit-taking Companies, Mr C.D.W. MARTIN and the Deputy Pricipal Crown Counsel, Mr J.R. CRAWFORD, will attend before the Council for the discussion of this item.)

19 October 1983

COUNCIL CHAMBER

C.S. 166

CONFIDENTIAL ##