TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 34

Clause

-

8

(b)

Amendment Proposed

(ii)

it is in the interests

depositors so to do; or

where any such limit has not been

so specified or such a requirement

imposed, specify such limit or

impose such requirement,

ant

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.)

Banking (Amendment) Ordinance 1983

did not exceed the limit as then

permissible under this section;

· (b)

to the commencement of the Banking

(Amendment) Ordinance 1983 were in

excess of the limit as then

specified in this section only by

reason of the acceptance or