TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 11

Clause

8

9

DEPOS IT-TAKING COMPANIES (AMENDMENT) BILL 1983

COMMITTEE STAGE

Amendments to be moved by the Financial Secretary

Amendment Proposed

That clause 8 be amended in new subsection (1A) by

deleting "previous year" and substituting "year previous

to the year in respect of which the dividend is declared",

That clause 9 be amended

(a)

in paragraph (a)

(i) by inserting a dash after "subsection (1)"

and redesignating the remainder of the paragraph

to be sub-paragraph (i);

(ii) by inserting after sub-paragraph (i) the

following

"(ii) by inserting after paragraph (b) of

the proviso the following

-

"(bb)

1

a deposit-taking company the

liabilities of which are assured by a

letter of comfort accepted by the

Commissioner under subsection (2)

or deemed to have been accepted

by him under subsection (5) while