TNAG-2755-FCO40-3972-Banking-situation-in-Hong-Kong-1993 — Page 26

A BILL

1st working draft: 2nd working draft: 22.9.93

3.9.93

To

Amend the Overseas Trust Bank (Acquisition) Ordinance.

Enacted by the Governor of Hong Kong, with the advice and

consent of the Legislative Council thereof.

1.

Short title

This Ordinance may be cited as the Overseas Trust Bank

(Acquisition) (Amendment) Ordinance 1993.

2.

Interpretation

Section 2 of the Overseas Trust Bank (Acquisition) Ordinance

(Cap. 379) is amended in the definition of "former director" by

repealing "by section 7" and substituting "upon commencement".

3. Continued use of property, etc.

Section 4 is amended by

(a)

renumbering it as section 4 (1); and

(b) by adding after subsection (1)

"(2)

Subsection (1) shall cease to have

effect on the commencement of the Overseas Trust

Bank (Acquisition) (Amendment) Ordinance 1993

(

of 1993).

(3) For the purpose of section 23 of the

Interpretation and General Clauses Ordinance