EXCHANGE CONTROL ORDINANCE

Mr R. Jumabhoy asked the Financial Secretary if he is aware that in the Colony's trade with Indonesia and Hong Kong it has been impossible for merchants to avoid contravening section 9 (1) of the Exchange Control Ordinance (Cap. 216); and whether he will consider introducing amending legislation or take any other steps to narrow the scope of the said section 9 (1), in particular in regard to preparatory acts done in relation to trade with non-sterling areas.

Mr Hart: I am not aware that it is impossible for merchants trading with Indonesia and Hong Kong to avoid contravening section 9 (1) of the Ordinance. They can always ask the Controller for the necessary permission.