TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 17

A334

Ord. No. 62/88

Laying of

company accounts

(Cap. 32)

Legislative

Council may extend time

HONG KONG FUTURES EXCHANGE LIMITED (TEMPORARY PROVISIONS)

4. It shall be sufficient compliance with section 122 of the Companies. Ordinance and the constitution of the Exchange Company if the manage- ment committee lays before the Exchange Company at its meeting held under section 3-

(a) a profit and loss account made up to a date not more than 18

months before the date of the meeting; and

(b) a balance sheet made out as at the date to which that profit and

loss account is made up.

5.

Where prior to 1 April 1989 no meeting has been, or is likely to be, held under section 3 the Legislative Council may, at any time prior to that date, by resolution substitute a reference to "1 July 1989" for the reference in section 3 to “1 April 1989".

1988.

Passed by the Hong Kong Legislative Council this 13th day of July

LAW Kam-sang,

Clerk to the Legislative Council.

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.