TNAG-1726-FCO40-2439-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 296

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the

Members may be feassured that no stamp duty will be saved by this Bill. Both DB Asia and Deutsche Bank itself

are anxious to ensure that the stamp duty position shall, be

enacted. precisely the same as if no legislation had been passed.

is no intention to avoid stamp duty by means of this Bill.

There

Sir, I believe this Bill to be uncontroversial and

welcome in that it shows Hong Kong to be most responsible in affording certainty of operation to financial institutions and I therefore move that debate on this Bill be

customers alike.

adjourned.

A

?