Hong Kong Ordinances

MASS TRANSIT RAILWAY ORDINANCE - SECT 52

MTRC to continue in existence until dissolved

(Past version on 30/06/2000).

(1) Despite the repeal effected by section 64, MTRC continues in existence
after the appointed day until it is dissolved in accordance with subsection
(3), and in this section the period of that continued existence
is referred to as "the transitional period".

(2) During the transitional period, and despite the repeal effected by
section 64-

   (a)  sections 4 and 9 of the repealed Ordinance, modified as set out in
        Schedule 1, continue to have effect to and in relation to MTRC;

   (b)  section 16 of the repealed Ordinance continues to apply in relation to
        the preparation and auditing of accounts in respect of the last
        complete financial year of MTRC, and MTRC shall prepare those accounts
        in accordance with that section, as if section 64 had not been
        enacted.

(3) As soon as he is satisfied that nothing further remains to be done by MTRC
under this Ordinance, and after consulting MTRC and the Corporation, the
Secretary for Transport may, by notice published in the Gazette, dissolve MTRC
on a day he specifies in the notice. (Amended L.N. 106 of 2002)

(4) The costs and expenses arising from the continuation of MTRC under this
section and incurred by MTRC shall be borne by the Corporation.