TNAG-2125-FCO40-3032-Banking-situation-in-Hong-Kong-1990 — Page 105

(3)

construed and have effect, so

so far as the context permits, as if for any reference therein to DnC there were substituted a reference to Den norske Bank.

No testamentary gift shall be adeemed by reason only of the operation of any of the provisions of this Ordinance.

Supplementary provisions

6.

Without prejudice to the generality of any other provision of this Ordinance but subject to any provision of this Ordinance to the contrary effect, the following provisions of this section shall have effect with respect to matters within Hong Kong or subject to the laws of Hong Kong -

(a)

All existing contracts, agreements, certificates, awards, conveyances, deeds, leases, licences, notices, permits, guarantees, documents granting or comprising any security, bonds, indemnities, mandates, instructions and other instruments and undertakings entered into by, made with, given to or by or addressed to DnC (whether alone or with any other person and whether as principal or agent and whether in writing or not) shall be construed and have effect on and from the appointed day as if -

(i)

(ii)

(iii)

Den norske Bank had been a party thereto instead of DnC;

for any reference (however worded and whether express or implied) to DnC there were substituted, as respects anything falling to be done on or after the appointed day, a reference to Den norske Bank;

any reference (however worded and whether express or implied) to the directors or to any director, officer or employee of DnC were, as respects anything falling to be done on or after the appointed day, a reference to the directors of Den norske Bank or, as the case may require, to such director, officer or employee of Den norske Bank as Den norske Bank may appoint for that purpose or, in default of appointment, to the director, officer or employee of Den norske Bank who

corresponds as nearly as may be to the first-mentioned director, officer or employee.

- 5 -

Page 105Page 106