It has also been suggested to TARGET that Statement 123 does not appear to take into consideration the Hongkong anomaly in respect of the New Territories' Lease, which is unique.

The Auditors must either adopt an 'all or nothing at all approach '

This appears to indicate that certain auditors, in violent disagreement with the recommendations, will not hesitate this year to state their disagreement in annual reports, permitting the companies which they audit to circumvent the recommendations.

However, talk is cheap : Who will have the guts ?

HONGKONG WRITS OF SEIZURE

Plaintiff

Leung Wai Sing,

trading as Leung's

Engineering

Company

**

Defendant

Claim

Amount

The Owners of the Ship "Giant Leader" (Panamanian Flag)

WD

$101,216.40

The Owners of Cargo

lafely laden on board

the "Mingren

Enterprise" (Panamanian

Flag)

The Owners of the Ship or Vessel "Mingren Enterprise" (Panamanian Flag)

BC

NS

Claims Explanatory Notes:

BC: Breach of Contract; NS: Amount Not Stated; WD: Work Done.

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