A372
Ord. No. 74/85
Accounts.
(Cap. 122.)
INSURANCE COMPANIES (AMENDMENT) (NO. 2)
(3) If a charge is created or purported to be created by insurer at a time when there is in force a requirement under sub tion (1), the charge shall, to the extent that it is a charge or purports to be a charge on the deposit referred to in subsection (1)(a) to which the requirement relates, be void against all persons.
(4) For the purposes of this section.
"charge" includes lien, encumbrance, equitable interest and third
party rights;
"deposit" includes a renewal of a deposit.
35B. (1) The Insurance Authority shall cause proper accounts to be kept of all transactions concerning deposits referred to in section 35A(1) and shall cause to be prepared for every financial year a statement of such accounts, which statement shall be signed by the Insurance Authority.
(2) The accounts and the signed statement referred to in subsec- tion (1) shall be audited and certified by the Director of Audit, who may make such report thereon as he may think fit.
(3) Section 16 of the Audit Ordinance shall not apply to any audit carried out under subsection (2).".
Passed by the Hong Kong Legislative Council this 18th day of December 1985.
LI Wing,
Clerk to the Legislative Council.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
ARBITRATION (AMENDMENT) (NO. 2)
Ord. No. 75/85
A373
HONG KONG
No. 75 OF 1985
I assent.
L.S.
An Ordinance to amend the Arbitration Ordinance.
Edward YOUDE, Governor.
19 December 1985
[20 December 1985]
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 Arbitration (Amendment) (No. 2) Short title. Ordinance 1985.
2. Section 6B of the principal Ordinance is amended by adding at the end Amendment of thereof the following-
"(3) Where the Court makes an appointment under subsection (2) of an arbitrator or umpire for consolidated arbitration proceedings, any appointment of any other arbitrator or umpire that has been made for any of the arbitration proceedings forming part of the consolidation shall for all purposes cease to have effect on and from the appointment under subsection (2).".
3.
section 6B. (Cap. 341.)
Section 30 of the principal Ordinance is amended by deleting "29A, the Amendment of remuneration of the arbitrator" and substituting the following
"6B or 29A, the remuneration of the arbitrator or umpire".
section 30.
LI Wing.
Clerk to the Legislative Council.
Passed by the Hong Kong Legislative Council this 18th day of December 1985.
LI Wing,
Clerk to the Legislative Council.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the
said bill.
LI Wing,
Clerk to the Legislative Council.
No comments yet.
Private notes are available after approval.