TNAG-1656-FCO40-2304-Hong-Kong-legislation-on-trade-1987 — Page 41

A304

Ord. No. 47/87

(47 of 1987.)

THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY

"(i) The Hong Kong University of Science and Tech- nology established by The Hong Kong University of Science and Technology Ordinance 1987;”.

Passed by the Hong Kong Legislative Council this 1st day of July

1987.

LAW Kam-sang, Clerk to the Legislative Council.

PROTECTION OF WAGES ON INSOLVENCY

(AMENDMENT)

HONG KONG

L.S.

No. 48 OF 1987

I assent.

Ord. No. 48/87

A305

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.

LAW Kam-sang, Clerk to the Legislative Council.

David WILSON,

Governor. 2 July 1987

An Ordinance to amend the Protection of Wages on Insolvency Ordinance.

[3 July 1987]

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 Protection of Wages on Short title. Insolvency (Amendment) Ordinance 1987.

2.

Section 2 of the principal Ordinance is amended-

Amendment of section 2.

(a) in the definition of "applicant" by deleting “(b) or (c)” wherever it (Cap. 380.)

occurs and substituting the following—

“(b), (c) or (cc)"; and

(b) by inserting after the definition of "wages" the following

definition-

(Cap. 32.)

(Cap. 6.)

3.

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"wages in lieu of notice" means wages in lieu of notice in respect of which an applicant would, on the winding up of a company, be entitled to priority under section 265(1)(cc) of the Companies Ordinance, or would, in a bankruptcy, be entitled to priority under section 38(1)(cc) of the Bankruptcy Ordinance;".

Section 15 of the principal Ordinance is amended-

(a) in subsection (1) by inserting after "wages" wherever it occurs the

following-

"or wages in lieu of notice or both";

Amendment of section 15.