TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 23

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Clause

Amendment Proposed

(10) For the purposes of this section

(a)

(b)

the expression "person" includes

any partnership, any public body

and any body of person corporate

or unincorporate;

the expression "advances, loans,

facilities, guarantees or

liabilities" shall mean advances,

loans, facilities, guarantees or

liabilities referred to in

subsection (1);

(c) advances loans, facilities,

?

guarantees or liabilities shall

be deemed to be granted to and

to be outstanding in relation to

any person liable or contingently

liable thereon whether as principal

debtor, guarantor, or otherwise:

Provided that the reference

in this paragraph to a guarantor shall

not include a person (not being a

deposit-taking company) who guarantees

the obligations of another under