TNAG-1610-FCO40-22132-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 175

160

GOVERNMENT BUSINESS

MOTIONS

MASS TRANSIT RAILWAY CORPORATION ORDINANCE

The

Financial Secretary addressed the Council and moved the following motion:

on

in

Mass

Under Section 12(1) of the Mass Transit Railway Corporation Ordinance that the Financial Secretary behalf of the Government may grant guarantees respect of financing instruments issued by the Transit Railway Corporation with terms of between 2 to 9 years up to a total aggregate principal value not exceeding HK$3,000 million (and such amount as may become payable in respect of interest or other charges) for the purposes of substituting for existing Government guaranteed export credit debt obligations. which in turn will be cancelled.

Question put and agreed to.

BANKRUPTCY ORDINANCE

The Attorney General addressed the Council and moved the following motion:

That the Bankruptcy (Amendment) Rules 1987, made by the Chief Justice on 17 March 1987, be approved.

Question put and agreed to.

COMPANIES ORDINANCE

The Attorney General addressed the Council and moved the following motion:

be

That the Companies (Winding-up) (Amendment) Rules 1987, made by the Chief Justice on 17 March 1987, approved.

Question put and agreed to.