TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 30

4

Clause

Amendment Proposed

amount as he may in his dis etion

specify, (but subject, however,

to any direction given him by

the Financial Secretary under

subsection (4)) and, without

derogation from the generality

of this discretion, such amount

may be determined

(i) in relation to the paid up

capital and reserves of the bank

giving the letter of comfort as

determined by reference to any

accounts furnished to the

Commissioner by the bank either

at the time when the letter of.

comfort is submitted to the

Commissioner for his

determination, or subsequently;

(ii) having regard to

(A) the extent of the

beneficial shareholding

of the bank giving the

letter of comfort in the

bank for the benefit of

which it is given where

subsection (2)(a)(i)

applies;

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