TNAG-1659-FCO40-2307-Hong-Kong-roads-and-traffic-legislation-1987 — Page 10

PRINTED AND PUBLISHED BY H. MYERS, GOVERNMENT PRINTER AT THE GOVERNMENT PRINTING DEPARTMENT, HONG KONG

BANKING (AMENDMENT)

HONG KONG

No. 64 of 1987

Ord. No. 64/87

A473

I assent.

L.S.

David Robert FORD, Deputy to the Governor.

An Ordinance to amend the Banking Ordinance.

29 October 1987

[30 October 1987]

Enacted by the Governor of Hong Kong, with the advice and consent

of the Legislative Council thereof.

This Ordinance may be cited as the Banking (Amendment) Ordin- Short title.

1.

ance 1987.

2.

Section 2(1) of the principal Ordinance is amended-

Amendment of section 2.

(a) by inserting after the definition of “advertisement" the following (Cap. 155.)

"approved currency" means a currency.---

(a) freely convertible into Hong Kong dollars; or

(b) approved by the Commissioner;"; and

(b) by deleting paragraph (b)(i) of the definition of “deposit" and

substituting the following-

(Cap. 32.)

3.

“(i) upon terms involving the issue, by any company, of debentures or other securities in respect of which a prospectus has been registered under the Companies Ordinance:".

Section 3(1) of the principal Ordinance is amended---

(a) in paragraph (h), by deleting "or professional accountant (within

the meaning of the Professional Accountants Ordinance)"; and (b) by deleting paragraphs (/), (m) and (n) and substituting the

following-

"(1) any person for remittance outside Hong Kong; or

Amendment of section 3.