TNAG-1617-FCO40-2225-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1987 — Page 27

Deputy Chairman of the Board.

the proceedings of the Board.

Clauses 10 and 11 relate to

Clause 12 enables the Board to

transact its business by circulation of papers to members.

Clause 13 transfers all assets and liabilities of

6.

Ocean Park Limited to the Corporation.

Clause 14 transfers

all employees of the company to the Corporation on the same

terms and conditions as they were employed by the company.

Clause 15 provides that any reference in any document to

the company is to be read as a reference to the

Corporation, except any document which relates to the

incorporation of the company. Clause 16 provides for the

dissolution of the company.

7.

Clause 17 specifies the functions of the

Corporation. Clause 18 specifies the powers of the

Corporation.

8. Clause 19 provides for the appointment of a Chief

Executive and other employees by the Corporation. Clause 20

provides for the engagement of technical and professional

advisers by the Corporation. Clause 21 specifies benefits

which the Corporation may provide to its employees.

Clause

9. Clause 22 empowers the Corporation to create

committees. Clause 23 provides for delegations by the

Corporation, with certain specified restrictions.

24 provides for delegations by the Chief Executive.

Clause 25 empowers the

10. Part VIII is financial.

Corporation to borrow money and charge its property.

Clause 26 provides for the accounting requirements of the

Corporation. Clause 27 empowers the Corporation to invest