TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 13

Clause

3

Amendment Proposed

(iii) is a bank controlled by a

body corporate which is either

a shareholder in the deposit-

taking company or controls any

body corporate which is a shareholder

in the deposit-taking company;

(b)

is given by a bank incorporated

in Hong Kong or a bank established

in a country, state or place where

there is a banking supervisory

authority and that bank is, in the

opinion of the Commissioner,

adequately supervised by that

authority; and

(c)

has been given pursuant to a

resolution of the board of directors

of the bank and with the knowledge

of the banking supervisory authority

of the country, state or place where