機密

CONFIDENTIAL

11. Insurance

legislation.

To rationalise

(i)

insurance legislation.

Agriculture and Fisheries

12. Rabies

control.

To control rabies and eradicate it from Hong Kong.

7-

(ii) On disclosure of shareholdings,

the Securities Commission has considered the third alternative suggested by ESB and the consultative document on this subject issued by DoT, but has reiterated its original

recommendation that full

disclosure be required.

A

draft ExCo memorandum is now being finalized.

Interim legislation in the form of the Life Insurance Companies (Amendment) Ordinance and the Fire and Marine Insurance Companies Deposit (Amendment) Ordinance was enacted on 8th January 1981.

(ii) Work on the comprehensive Bill

continuing. It is hoped that

a 2nd draft of the Bill will be released soon for consultation with the industry.

To resubmit the Securities

Commission's original recommendation on

disclosure to ExC

Action completed. Supervision of compliance with th new requirements will be carried out

General's

by the Registrar Z Department.

To continue work on the Bill.

CONFIDENTIAL

(i)

Since the outbreak of rabies in Hong Kong, fifteen cases, involving two human deaths, have been confirmed. Five infected areas, stretching from Kat 0 Island and Plover Cove in the northeast to Tai Lam Chung

To attempt to contain the disease in the

existing infected

areas.

GF 323

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