TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 262

2

Clause (5) stipulates that a money changer who fails to draw the attention of his clients to the contents of the statement specifying the nature of any charge or commission would give his clients ground to rescind the transactions.

After careful consideration, my Unofficial colleagues and I felt that it might give rise to enforcement difficulties and could open to abuse. I am happy to say that amendments to the original draft of this Bill to remedy this particular issue has also been agreed by the Administration.

Another amendment which I shall propose would require

the statement to be printed prominently.

Sir, subject to the agreed amendments, I support the

motion.