TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 35

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clause

Amendment Proposed

purported acceptance by the

Commissioner of a letter of

comfort in lieu of a guarantee

for the purposes of paragraph (b)

of the proviso to subsection (1),

and the action of the bank in

reliance thereon;

(c) to

to the specification of any new

limit under subsection (6) did

not exceed the amount previously

specified;

(a)

to the imposition of a limit under

subsection (3) or (6) did not

exceed the aggregate amount then

permissible under this section; or

(e) to the withdrawal by the bank

giving a letter of comfort accepted

by the Commissioner under

subsection (2) or deemed to have

been accepted by him under

subsection (5) did not exceed the

aggregate amount permissible by

this section,

and immediately after such commencement,

specification or withdrawal did exceed the

amount permissible under this section, the

bank may -