- (b) to the effect that a default shall occur or be deemed to occur, or any right or liability shall cease, as a result of the vesting under this Part,
and to which MTRC is a party, is deemed to have been waived.
51.Evidence: books and documents
(1) Books and other documents which would, before the appointed day, have been evidence in respect of any matter for or against MTRC are admissible in evidence in respect of the same matter for or against the Corporation.
(2) In this section “documents” (文件) has the same meaning as in section 46 of the Evidence Ordinance (Cap. 8).
52. MTRC to continue in existence until dissolved
(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- (a) sections 4 and 9 of the repealed Ordinance, modified as set out in Schedule 1, continue to have effect to and in relation to MTRC;
- (b) section 16 of the repealed Ordinance continues to apply in relation to the preparation and auditing of accounts in respect of the last complete financial year of MTRC, and MTRC shall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 may, by notice published in the Gazette, dissolve MTRC on a day he specifies in the notice.
(4) The costs and expenses arising from the continuation of MTRC under this section and incurred by MTRC shall be borne by the Corporation.
