TNAG-1606-FCO40-22121-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 92

Mr. CHAM : Sir, what are the main proposals of the amendment

will there be any provisions to help

Bill? In particular,

investigate or detect unregistered money lenders?

Financial Secretary : Yes, Sir, the proposals to be put

forward in the amendment Bill are intended

to update the

Ordinance, to improve its operation and administration, and to

reduce from its application particular financial and commercial

transactions which the Ordinance was not originally intended to

cover. The proposals have resulted from an examination by the

Registrar General of the continued application of the Ordinance

and are in response to a number of suggestions from the private-

sector, in particular from the

the Law

Law Society. As to the exact

details of the Bill, I am not yet in a position to give them

but I hope to introduce the Bill into this Council either

towards the end of this session or early in the next session.

I think that the totality of the provisions will undoubtedly

assist the authorities in investigating complaints.