### Motor Vehicles Insurance (Third Party Risks) Regulations 《汽車保險(第三者風險)規例》

20. Effect of certificate of foreign insurance
For the purposes of the Ordinance and of regulation 6 of these regulations, a certificate of foreign insurance shall have effect as if it were a certificate of insurance issued by an insurer and the policy of insurance to which it relates shall be deemed to comply with the requirements of the Ordinance.

21. Application of provisions of Ordinance
The provisions of section 9 of the Ordinance shall not apply in relation to any policy of insurance in respect of which a certificate of foreign insurance has been issued.

22. Disposition of vehicles
A certificate of foreign insurance shall be forthwith returned by the visitor to the Issuing Authority if the motor vehicle to which it relates is sold or otherwise disposed of or if by reason of his obtaining a new policy or otherwise a new certificate of foreign insurance is issued to him during his stay in Hong Kong, and if the certificate is not so returned it shall be surrendered to the Issuing Authority by or on behalf of the visitor when the motor vehicle is taken out of Hong Kong.
(L.N. 216 of 1985)

23. Records of Issuing Authority
The Issuing Authority shall keep a record of the following particulars relative to any certificates of foreign insurance issued by it—
(a) the full name and address of the person to whom the certificate is issued and particulars of the persons or classes of persons authorized to drive the motor vehicle;
(b) the date on which the policy of insurance to which the certificate relates commences and the date on which it expires;
(c) the date of return of the certificate to the Issuing Authority,
and the Issuing Authority shall without charge furnish to the Commissioner of Police and the Commissioner for Transport on request any particulars thereof. (L.N. 88 of 1967)

### Motor Vehicles Insurance (Third Party Risks) Regulations 《汽車保險(第三者風險)規例》

24. Production of proof of insurance on application for a vehicle licence or on notice of transfer of ownership of a vehicle
(1) Any person—
(a) applying for a motor vehicle licence under regulation 21(1) of the Road Traffic (Registration and Licensing of Vehicles) Regulations (Cap. 374 sub. leg. E); or
(b) delivering to the Commissioner notice of transfer of ownership of a motor vehicle under regulation 17(2)(b) of the aforesaid regulations,
shall upon such application or delivery of notification produce to the Commissioner for Transport any necessary certificate of insurance or certificate of security, or such other documentary proof as shall be sufficient to indicate that—
(i) on the date when such vehicle licence comes into operation there will be in operation; or
(ii) in the case of a transfer of ownership there is in operation,
such policy of insurance or such security in respect of third party risks as is required by the Ordinance in relation to the user of the motor vehicle. (L.N. 1 of 1977; L.N. 169 of 1989)
(2) Subregulation (1) does not apply in the case of the delivery of notice of transfer of ownership of a motor vehicle which is not licensed under the Road Traffic (Registration and Licensing of Vehicles) Regulations (Cap. 374 sub. leg. E). (L.N. 169 of 1989)

25. Condition for issue of licence
The Commissioner for Transport shall not issue a motor vehicle licence to any applicant who fails to comply with regulation 24.
(G.N.A. 168 of 1952; L.N. 88 of 1967)

26. Penalties
Any person who contravenes the provisions of regulation 3, 4, 5, 7, 8, 9, 10, 11, 12, 13, 17 or 22 shall be guilty of an offence and shall be liable to a fine of $100 and to imprisonment for 7 days.

27. Liability to be covered
For the purpose of section 6(1)(b) of the Ordinance, the amount of $100 million is prescribed.
(L.N. 329 of 1995)

### Loans (Asian Development Bank) Ordinance 《借款(亞洲開發銀行)條例》

1. Short title
This Ordinance may be cited as the Loans (Asian Development Bank) Ordinance.

2. Interpretation
In this Ordinance, unless the context otherwise requires—
Bank (銀行) means the Asian Development Bank.

3. Power to borrow from the Asian Development Bank
(1) The Government may, in such manner and on such terms and subject to such conditions as may be agreed between the Government and the Bank, borrow from the Bank sums not exceeding those specified in the First Schedule for the purposes of the projects specified with respect to such sums in the First Schedule.
(2) Any agreement between the Government and the Bank in respect of sums borrowed under the powers conferred by subsection (1) shall be made in the name of the Government of Hong Kong and may be signed on behalf of the Government by the Financial Secretary, or by any person authorized by him in writing.
(3) As soon as practicable after the execution of an agreement under this section, the Financial Secretary shall cause a copy of the agreement to be laid on the table of the Legislative Council.

4. Power to issue instruments including bonds
(1) The Government may issue such bonds, promissory notes or other instruments on such terms and conditions as may be necessary for the purpose of giving effect to the terms of any agreement which may be entered into by it with the Bank in respect of any borrowing authorized by this Ordinance.
(2) Any bond, promissory note or other instrument issued by the Government under subsection (1) may be signed on behalf of the Government by the Financial Secretary, or by any person authorized by him in writing.

5. Appropriation and charge of loans
(1) Any sums borrowed by the Government under this Ordinance shall be applied, and are appropriated, to the purposes of the project for which they were borrowed as specified in the First Schedule and more particularly in any agreement concluded with the Bank in respect of the sums so borrowed:
Provided that any part of such a sum which cannot be applied to those purposes may be applied to such other purposes as may be approved by the Financial Secretary and the Bank.
(2) Where sums borrowed under this Ordinance are not immediately available and expenditure in respect of the project for which they were borrowed must be met, such expenditure shall be charged as an advance pending reimbursement and the maximum amount which may be so advanced in any financial year in connexion with any project shall be specified in the Second Schedule.
(3) The sums borrowed under this Ordinance and all interest and other charges thereon are hereby charged upon and shall be payable out of the general revenues and assets of Hong Kong.

### Loans (Asian Development Bank) Ordinance 《借款(亞洲開發銀行)條例》

6. Implementation of obligations under agreement
(1) Notwithstanding anything contained in any other law, any agreement concluded with the Bank in respect of any borrowing authorized under this Ordinance and any bond, promissory note or other instrument issued pursuant to any such agreement and any undertaking given in respect of any such agreement, bond, promissory note or instrument by the Government shall be valid and enforceable and have full force and effect in accordance with their respective terms.
(2) The Chief Executive may, by order published in the Gazette, provide for the remission of any tax, duty, charge or fee payable under any Ordinance in respect of any agreement, bond, promissory note, instrument or guarantee concluded with the Bank or issued in connexion with any borrowing authorized by this Ordinance or in respect of any payment of interest or otherwise under any such agreement, bond, promissory note, instrument or guarantee. (Amended 60 of 1999 s. 3)

7. Power to amend Schedules
The Legislative Council may by resolution amend the Schedules.