TNAG-1487-FCO40-2044-Hong-Kong-banking-Banking-Bill-1986-1986 — Page 152

PRINTED AND PUBLISHED BY H. MYERS, GOVERNMENT PRINTER AT THE GOVERNMENT PRINTING DEPARTMENT, HONG KONG

BANKING (AMENDMENT)

Ord. No. 16/86

A115

HONG KONG

No. 16 OF 1986

I assent.

L.S.

An Ordinance to amend the Banking Ordinance.

Edward YOUDE, Governor.

1 May 1986

[1 April 1986]

Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.

1.

This Ordinance may be cited as the Banking (Amendment) Ordinance 1986 Short title and and shall be deemed to have come into operation immediately after midnight on 31 March 1986.

commencement.

2. Section 12(1) of the principal Ordinance is amended by deleting "$300,000" Amendment of and substituting the following-

section 12. (Cap. 155.)

“$360,000".

3. Section 12B of the principal Ordinance is amended by deleting "$15,000" where it appears in subsections (1) and (2) and substituting in each case the following--

Amendment of section 12B.

"$17,000".

4. Section 12E(3) of the principal Ordinance is amended by deleting "$15,000" Amendment of where it appears in paragraphs (a) and (b) and substituting in each case the section 12E. following-

"$17,000".

5. Section 12H(3) of the principal Ordinance is amended-

(a) in paragraph (a) by deleting "$30,000” and substituting the following--

"$34,000";

(b) in paragraph (b) by deleting "$7,500" and substituting the following-

"$8,500";

(c) in paragraph (c) by deleting “$30,000” and substituting the following——-

"$34,000"; and

(d) in paragraph (d) by deleting "$7,500" and substituting the following—

"$8,500".

Passed by the Hong Kong Legislative Council this 30th day of April 1986.

Amendment of section 12.

LAW Kam-sang,

Clerk to the Legislative Council.