irrespective of its name or designation (and whether the amount thereof be positive or negative in nature) and, without prejudice to the 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.
(3) Without prejudice to the generality of subsection (1), any
profits or losses of Dao Heng Bank earned or incurred after the beginning of the financial year of Dao Heng 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 may be, losses, of Hang Lung Bank.
Contracts of employment
10. (1)
(2)
Section 8(a) shall apply to a contract for the employment of any person by Dao Heng Bank; and employment with Dao Heng Bank and Hang Lung Bank under any such contract shall be deemed for all purposes to be a single continuing employment.
No director or auditor of Dao Heng Bank shall by virtue only of this Ordinance become a director or, as the case may be, auditor of Hang Lung Bank.
Pensions
11. (1)
(2)
Evidence:
12.
(1)
(2)
The trust deed and rules constituting or relating to the fund established in Hong Kong and known as The Dao Heng Bank Limited Provident Fund shall, on and from the appointed day, be construed and have effect, so far as the context permits, as if for any reference therein to Dao Heng Bank there were substituted a reference to Hang Lung Bank.
No officer or employee of Dao Heng Bank who becomes an officer or employee of Hang Lung Bank by virtue of this Ordinance shall, by virtue only of this Ordinance, be entitled to participate in any pension fund of Hang Lung Bank, and no existing officer or employee of Hang Lung Bank shall, by virtue only of this Ordinance, be entitled to participate in The Dao Heng Bank Limited Provident Fund or any other pension fund of Dao Heng Bank.
books and documents
All books and other documents which would, before the appointed day, have been evidence in respect of any matter for or against Dao Heng Bank shall be admissible in evidence in respect of the same matter for or against Hang Lung Bank.
In this section "documents" has the same meaning as in section 55 of the Evidence Ordinance (Cap. 8).
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