TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 27

Clause

6

BANKING (AMENDMENT) BILL 1983

COMMITTEE STAGE

Amendments to be moved by the Financial Secretary

That clause 6 be amended

(a) in paragraph (a)

Amendment Proposed

(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

K749

"(bb) a bank 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 the bank

conforms with any limitation on the

aggregate amount of any advances, loans,

facilities, guarantees or liabilities

which the bank may make imposed by

the Commissioner under subsection

(3)(a) or (6) or by the terms of the

letter of comfort;";";