Hong Kong Ordinances

MASS TRANSIT RAILWAY ORDINANCE - SECT 58

Proceeds from sale, etc. of Government's shares in Corporation

(Past version on 30/06/2000).

(1) Except as provided in subsection (2), monies received by the Financial
Secretary Incorporated as the person holding shares in the Corporation, or
from the sale of or other dealing in shares in the Corporation which are held
by the Financial Secretary Incorporated, form part of the general revenue.

(2) Expenses incurred by the Financial Secretary Incorporated in connection
with-

   (a)  the acquisition of shares in the Corporation;

   (b)  the holding of shares in the Corporation, or the sale of or other
        dealing in shares in the Corporation held by the Financial Secretary
        Incorporated;

   (c)  the listing of any shares in the Corporation on a recognized stock
        market or a specified stock exchange as these terms are defined in
        section 1 of Part 1 of Schedule 1 to the
        Securities and Futures Ordinance ( Cap 571), (Replaced 5 of 2002 s.
        407) may be defrayed from the monies specified in subsection (1), and
        any amount applied or retained for that purpose does not form part of
        the general revenue for the purposes of section 3 of the
        Public Finance  Ordinance ( Cap 2).