TNAG-2125-FCO40-3032-Banking-situation-in-Hong-Kong-1990 — Page 128

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Interpretation

2.

(1) In this Ordinance, unless the subject or context otherwise

requires :-

"appointed day"

"customer"

"Dao Heng Bank"

"excluded property"

means such day as may be appointed pursuant to section

3;

means any person having a banking account or other dealing, transaction or arrangement with Dao Heng Bank;

means Dao Heng Bank Limited;

means:-

"excluded reserves"

- 2 -

(i)

the common seal of Dao Heng Bank;

(ii)

(iii)

(iv)

documents (other than

accounting records)

required to be kept by

Dao Heng Bank pursuant to

the Companies Ordinance (Cap. 32);

the issued share capital of Hang Lung Bank

beneficially owned by Dao

Heng Bank; and

the rights and benefits of Dao Heng Bank arising out of or in connection with the agreement dated 30th September 1989 and made between The Financial Secretary Incorporated and Dao Heng Bank relating to the acquisition by Dao Heng Bank of the shares in Hang Lung Bank;

means:

(i)

non-distributable reserves of HK$ [33 million];

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