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of the works, section 49 requires the Company to meet its outstanding financial obligations under the project agreement and to put the works in a state enabling construction to resume. Compensation is payable by the Government for the assets vesting in it except where the franchise ends by effluxion of time or the construction works are not completed, or not likely to be completed on time (sections 49 (4) and 50). The Government, on the vesting of the assets, does not assume liability for the Company's debts (section 51).
Part XI deals with a number of miscellaneous matters, including appeals.
9.
10. Before the Governor assented to the Bill in the name and on behalf of Her Majesty, the Attorney General advised that he could properly do so.
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Jan Daub
Law Draftsman.
22 July 1988.
ATTORNEY GENERAL'S CHAMBERS,
HONG KONG.
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