563
408
desirable as the appointment of inspectors
is difficult, however that in a matter for
the executive. The case is very different
with Life Insu mnce, restrictive legislation
which la nodesmry in Hongkong da 'a fortiori'
necessary in China. The Companies Ordinance
Cection 260 enves the Life insurance Companies
Ordinances 1967 and 1969, and these therefore
undoubtedly apply to all much companion as
are registered in fiongkong and carry on bund-
ness in China. (Beation 2; definition of Life
Insurance Company), They are liable to mako
all their deposits and returna in hongkong da
heretofore, and they are subject to the control
of the Court in longkong.
If, however, it is desired that a
China company should imko ita deposits and
returns in Shunglini, an addition to Article
3 (3) to cover mota done under the Life Laurance
Ordinance