TNAG-1949-FCO40-2777-Future-of-Hong-Kong-First-Pacific-Bank-Limited-1989 — Page 40

(3)

in

the

amount thereof be positive or negative nature) and,

without prejudice to generality of the foregoing, every such reference shall include a reference to any sums standing to the credit (or debit) of any profit and loss account.

Without prejudice to the generality of subsection (1) above, any profits or losses of Far East Bank earned or incurred after the beginning of the financial year of Far East Bank in which the appointed day shall occur, shall, on and from the appointed day, and by virtue of this Ordinance, be treated for all purposes as profits or, as the case losses, of First Pacific Bank.

may be,

Contracts of employment

9.

(1)

(2)

Section 7(a) shall apply to a contract for the employment of any person by Far East Bank; and employment with Far East Bank and First Pacific Bank under any such contract shall be deemed for all purposes to be a single continuing employment.

No director or auditor of Far East Bank shall by virtue only of this Ordinance become a director or, as the case may be, auditor of

First Pacific Bank.

Evidence:

10.

(1)

books and

documents

(2)

Part III of

11.

(1)

Evidence

Ordinance

All books and other documents which would, before the appointed day, have been evidence in respect of any matter for or against Far East Bank shall be admissible in evidence in respect of the same matter for or against First Pacific Bank.

In this section "documents" has the same meaning as in section 55 of the Evidence Ordinance.

On and from the appointed day Part III of the Evidence Ordinance shall apply to the banker's records of Far East Bank deemed to be vested in First Pacific Bank by virtue of this Ordinance, and to entries made in those records before the appointed day, as if such records were the records of First Pacific Bank.

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