TNAG-2755-FCO40-3972-Banking-situation-in-Hong-Kong-1993 — Page 3

by virtue of subsection (2) and for this

purpose, such cessation shall be regarded as the

repeal of subsection (1) by subsection (2).".

5.

Guarantee by Government

Section 8 is amended

(a) by repealing subsections (1) and (2); and

6.

(b)

by adding

" (3)

Any guarantee given by the Financial

Secretary under this section prior to the

commencement of the Overseas Trust Bank

(Acquisition) (Amendment) Ordinance 1993 (

1993) shall cease to have effect upon such

commencement."

*

of

Compensation

Section 9 is amended

(a) by repealing subsection (1);

(b)

in subsection (3)(a) and (e) by repealing

"subsections (1) and" and substituting "subsection";

and

(c) in subsection (3) (f) by repealing "(1) or".

7.

Power to make regulations

Section 10 (1) is amended

(a) in paragraph (a) by adding "and" at the end; and

(b) by repealing paragraph (b).

8.

Sections repealed

Sections 3, 6(1) and (2), 7, 11 and 12 are repealed.