【法规名称】
【法规编号】 42019 什么是编号？
【正 文】
第3页 CAP 1115 HONG KONG EXPORT CREDIT INSURANCE CORPORATION ORDINANCE
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[接上页] (f) the giving of guarantees, (Added 8 of 1974 s. 4)shall be subject to the approval of the Financial Secretary: Provided that nothing in this subsection shall prevent the Corporation, when it considers an immediate decision is required, from pursuing a policy which has not been approved by the Financial Secretary if it seeks his approval of such policy at the first available opportunity. (2) Nothing in subsection (1) shall be construed as- (a) requiring the approval of the Financial Secretary to the entering by the Corporation into a particular contract of insurance or the giving by the Corporation of a particular guarantee; or (b) empowering the Financial Secretary to determine that the Corporation shall or shall not enter into a particular contract of insurance or give a particular guarantee,but the Corporation shall not enter into a particular contract of insurance or give a particular guarantee unless the contract or guarantee is in accordance with the policy approved by the Financial Secretary. (Replaced 8 of 1974 s. 4) (3) In this section- "surplus" (盈余) means those balances which the Corporation has in hand at the end of any financial year and which are not required to meet- (a) payments at that time due to be made as a result of claims under examination in respect of contracts of insurance entered into by the Corporation; (b) payments due to be made in respect of the operating expenses of the Corporation; (c) provision for expenditure on capital items, on replacements of fixed assets and on amortization payments incurred by the Corporation; (d) such sums as in the opinion of the Corporation may be required to cover the unexpired risks on contracts of insurance entered into by the Corporation; and (e) any other liabilities. Cap 1115 s 13 Extent of indemnity (1) A contract of insurance entered into by the Corporation shall specify a percentage as the percentage of the amount of the loss, as defined in the contract, to which the indemnity under the contract extends. (2) The maximum percentage so specified in any contract of insurance shall not exceed 90 per cent or such other maximum percentage as may be prescribed by the Legislative Council by resolution. (Amended L.N. 185 of 1975) Cap 1115 s 14 Powers of the Corporation Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 PART V POWERS OF THE CORPORATION The Corporation may do, within Hong Kong or elsewhere, all things necessary or convenient to be done for and in connection with, or incidental to, the carrying on of its business and, in particular, may- (Amended 66 of 2000 s. 3) (a) acquire, hold and dispose of immovable or movable property; (b) enter into any contract; and (c) pay to the Government out of surpluses held by the Corporation such sums as may be determined pursuant to the policy approved in this respect by the Financial Secretary under section 12(1). Cap 1115 s 15 Provident fund scheme Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 The Corporation may, with the approval of the Chief Executive, establish, manage and control, or enter into an arrangement with an insurance company or association for the establishment, management and control by such company or association, either alone or jointly with the Corporation, of a provident fund scheme for the benefit of the Commissioner and any of the officers of the Corporation, or of any specified class of officer of the Corporation, and if so required by rules governing such scheme may make contributions thereto in accordance with such rules. (Amended 66 of 2000 s. 3) Cap 1115 s 16 Appointment of officers PART VI STAFF Subject to the provisions of section 17, the Corporation may appoint such officers as it thinks necessary. Cap 1115 s 17 Terms and conditions of employment Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 (1) The terms and conditions of employment of officers appointed by the Corporation shall be such as are determined by the Corporation with the approval of the Financial Secretary. (2) The appointment by the Corporation of an officer whose annual salary is equivalent to or exceeds that of a Senior Administrative Officer in the public service shall be subject to the approval of the Chief Executive. (Amended 8 of 1974 s. 5; 5 of 1990 s. 2; 66 of 2000 s. 3) Cap 1115 s 18 Corporation indemnified PART VII FINANCE The Government shall guarantee the payment of all moneys due by the Corporation, but nothing in this section shall authorize a creditor or other person claiming against the Corporation to sue the Government in respect of his claim. Cap 1115 s 19 Capital Remarks: Adaptation amendments retroactively made - see 66 of 2000 s. 3 The Financial Secretary may pay to the Corporation from the general revenue of Hong Kong or the Development Loan Fund, in such amounts and at such times as he determines, sums of money not exceeding in the aggregate $20000000, and the capital of the Corporation shall consist of the amounts so paid to the Corporation. |
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