TNAG-1949-FCO40-2777-Future-of-Hong-Kong-First-Pacific-Bank-Limited-1989 — Page 23

(3)

(a)

(b)

(4)

In subsection (2)-

means shares, stocks,

units of a unit trust the investments subject

"registered securities" debentures, loans, bonds, scheme or other shares of to the trusts of such a scheme, and other securities

of

any description which are transferable and the holders of which are entered in a register (whether maintained in Hong Kong or not); and

"convey" includes mortgage, charge, lease, assent, vest by way of vesting declaration or vesting instrument, disclaim, release otherwise assure.

ΟΙ

Nothing in this section applies to any property falling within section 5(2).

Interests in land

13. The vesting in First Pacific Bank of in land by virtue of this Ordinance shall not:-

(a)

(b)

interest

constitute a purchase or creation of that interest for the purposes of section 119E(2) of the Landlord and Tenant (Consolidation) Ordinance (Cap. 7); or

constitute an assignment, transfer, devolution, parting with possession, dealing with or other disposition of that interest for the purposes of any provision contained in any instrument concerning that interest; or

give rise to any forfeiture; or

invalidate or discharge any contract or security;

(c)

(d)

or

(e)

operate so as to merge any leasehold interest in the reversion expectant on it.

Saving for enactments concerning banking institutions

14. Nothing in this Ordinance shall exempt Far East Bank or First Pacific Bank or any other subsidiary of Far East Bank from the provisions of any enactment regulating carrying on of the business of any of them.

the

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