TNAG-1818-FCO40-2579-Broadcasting-in-Hong-Kong-1988 — Page 92

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TELEVISION (AMENDMENT)

21. Section 42 is amended-

(a) by repealing subsection (1) and substituting-

Ord. No. 72/88

"(1) For the purpose of determining amounts payable on account of a royalty payable under this Ordinance and ensuring its payment, any person authorized by the Financial Secretary in that behalf may at all reasonable times-

(a) enter any building or other premises in which a company to which this section applies carries on business;

(b) require any person whom he reasonably believes to be employed in connection with such business to produce for examination any book, account, voucher, record, receipt or other document which relates to such business and which is in his posses- sion or under his control;

(c) examine and, if he thinks fit, take copies of, or copies of any entry in, any book, record or other document produced in pursuance of a requirement under this section;

(d) remove any such document for further examination;

and

(e) question any director or servant of such company in

relation to such business."; and

(b) by adding after subsection (2)—

(Cap. 32)

"(3) A person who is a director or a servant of a company to which this section applies shall assist and shall not obstruct a person exercising a power under this section.

(4) Any document removed in exercise of a power under this section shall be returned as soon as is reasonably practicable.

(5) Every person authorized by the Financial Secretary under subsection (1) shall be furnished with a copy of the authorization and when exercising a power under this Ordinance shall, if requested by any person thereby affected, produce such copy for inspection by the person.

(6) This section applies to a company which is either a licensee or a company which, by virtue of section 2 of the Companies Ordinance, for the purposes of that Ordinance, is deemed to be a subsidiary of a licensee.".

22. Section 43 is amended—

(a) by being renumbered as subsection (1) thereof; and (b) by adding after subsection (1)——

(Cap. 32)

"(2) Where a company is deemed under section 2 of the Companies Ordinance to be, for the purposes of that Ordin- ance, a subsidiary of a licensee, the licensee shall, not later than 6 months after the end of an accounting year of the company, submit, or cause to be submitted, to the Financial Secretary a copy of the company's audited accounts for that year.".

A463

Powers of Financial Secretary in

relation to royalty

Licensee to submit audited

accounts