Hong Kong Regulations

RESERVED COMMODITIES (CONTROL OF IMPORTS, EXPORTS AND RESERVE STOCKS) REGULATIONS - REGULATION 22

Restriction on sales by wholesale by stockholder and price control

(1) The Director may by notice in writing to a stockholder of a
reserved commodity-

   (a)  restrict the sale by wholesale of that reserved commodity by the
        stockholder to-

        (i)    registered wholesalers; or

        (ii)   specified registered wholesalers, in that reserved commodity;
               or

   (b)  fix the maximum price at which the stockholder may sell that
        reserved commodity by wholesale-

        (i)    generally;

        (ii)   to registered wholesalers in that reserved commodity; or

        (iii)  to other classes of persons specified in the notice;

   (c)  require the stockholder to sell such quantity of the reserved 
        commodity to such registered wholesaler or other person, as the
        Director may specify at a price not exceeding the maximum price fixed
        under paragraph (b).

(2) A notice under paragraph (1) may be addressed to all stockholders or to
specified stockholders.

(3) A notice under paragraph (1) shall be-

   (a)  served on each stockholder to whom it applies; and

   (b)  published in the Gazette.

(4) A stockholder to whom a notice under paragraph (1) applies shall comply
therewith as soon as the notice is-

   (a)  served on him; or

   (b)  published in the Gazette, whichever is the sooner.