TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 19

Clause

9

Amendment Proposed

(i)

the deposit-taking company

has failed to comply with such

limit or requirement; or

(ii) it is in the interests of

depositors so to do; or

(b)

where any such limit has not been

so specified or such a requirement

imposed, specify such limit or

impose such requirement,

and the provisions of subsection (2)

shall apply in relation to the exercise

of the powers of the Commissioner under

this section as they do in relation to

the exercise of his powers under that

subsection.

(7)

Notwithstanding. subsection (1),

where the aggregate amount of any advances,

loans, facilities, guarantees or liabilities

immediately prior

(a)

to the commencement of the

of 1983.)

Deposit-taking Companies (Amend-

ment) Ordinance 1983 did not exceed

the limit as then permissible

under this section;