TNAG-2278-FCO40-3278-Future-of-Hong-Kong-Radio-Television-Hong-Kong-Board-of-Gove-1991 — Page 40

3.

Without prejudice to paragraphs 1 and 2 any vesting to which

this Schedule applies shall be binding on all other persons

notwithstanding that it would, apart from this paragraph, have

required the consent or concurrence of any other person.

Explanatory Memorandum

The object of this Bill is to establish a statutory corporation

to be known as the Radio Television Hong Kong Corporation ("the

Corporation"), and to define its objects and powers.

2. Clauses 2 and 3 define terms used in the Bill.

3.

Clause 4 requires the Secretary for Recreation and Culture to

consult the Secretary for the Treasury on several matters connected

with the Bill.

4. Clause 5 establishes the Corporation as a statutory

corporation.

Clauses 6, 7 and 8 specifies its objects, duties and

powers respectively.

5.

Clauses 9 and 10 make provisions with respect to the fixing of

the seal of the Corporation.

6. Clause 11 prohibits the unauthorized use of the title of the

Corporation.

7.

Clauses 12 provides that the Corporation has no connection with

the Crown.

8.

Clause 13 exempts the Corporation from taxation under the

Inland Revenue Ordinance. Clause 14 exempts the Corporation from

the statutory requirement to hold a licence or permit.

9.

Clauses 15 and 16 provide for the Corporation's power to

establish subsidiaries and the control of the same.