TNAG-1857-FCO40-2632-Legislative-Council-of-Hong-Kong-memoranda-and-minutes-of-me-1989 — Page 99

HONG KONG

LEGISLATIVE 香港立法局————————————一九八九年七月十二日

COUNCIL

12 July 1989

47

Sir, I have two final points to make. Firstly, the financial institutions, being justifiably concerned about the possible effects of clause 25 on their operations, have asked that the legislation should not be implemented for at least three months after its enactment. However, because the major impact of the legislation on the financial sector arises only from clause 25, and considering the desirability of bringing the other provisions into effect as early as possible, the ad hoc group and the Administration have agreed that clause 25 should come into effect on a date later than the main part of the legislation. For this purpose I shall move an enabling amendment to clause 1(2) during the Committee stage.

Secondly, Sir, 1 wish to mention that the 1986 Drug Trafficking Offences Act was amended in 1988 in the United Kingdom. Some of these amendments, largely refinements, are considered suitable for Hong Kong and are included in the proposed Committee stage amendments.

Question on the Second Reading of the Bill put and agreed to.

Bill read the Second time.

Bill committed to a Committee of the whole Council pursuant to Standing Order 43(1).

PRIVILEGES

AND IMMUNITIES

(THE INTERNATIONAL

COMMITTEE OF THE RED CORSS) BILL 1989

Resumption of debate on Second Reading which was moved on 28 June 1989

Question on Second Reading proposed, put and agreed to.

Bill read the Second time.

Bill committed to a Committee of the whole Council pursuant to Standing Order 43(1).