TNAG-1817-FCO40-2578-Broadcasting-in-Hong-Kong-1988 — Page 50

is under an obligation (whether so

subject or not) the fulfilment

which would make him so entitled.

(7)

It is immaterial for the purposes

of this Ordinance that shares in which a

person has an interest are unidentifiable.

Interests

to be disregarded

17L. (1) In determining for the

purposes of this Ordinance whether or not

person has a relevant interest in a share

the following interests shall be disregarded

(a)

where property is held on trust

and an interest in shares is

comprised in that property, an

interest in reversion or remainder

or of a bare trustee or a

custodian trustee, and any

discretionary interest;

(b) an interest which subsists by

virtue of

(Cap. 333)

(i) any unit trust or mutual

fund corporation authorized under

section 15 of the Securities

Ordinance;