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FRIDAY, DECEMBER 3, 1976
HE IS EMPOWERED TO TAKE MEASURES TO PROTECT THE VEGETATION AND WILD-LIFE INSIDE THE PARKS OR AREAS AND TO PRESERVE AND MA INTA IN BUILDINGS AND SITES OF HISTORICAL OR CULTURAL INTEREST.
HE WILL ALSO ENCOURAGE THE USE AND DEVELOPMENT OF COUNTRY PARKS AND SPECIAL AREAS FOR RECREATION AND TOURISM AND PROVIDE SERVICES AND FACILITIES FOR PUBLIC ENJOYMENT.
THE COUNTRY PARKS BOARD, ALSO SET UP UNDER THE ORDINANCE, CONSISTS OF SIX OFFICIALS AND 10 UNOFFICIAL MEMBERS. IT IS CHAIRED BY THE DIRECTOR OF AGRICULTURE AND FISHERIES.
NOTE TO EDITORS:
A SKETCH MAP SHOWING THE LOCATION OF THE PROPOSED COUNTRY PARKS WILL BE DISTRIBUTED SEPARATELY IN THE G.1.S. PRESS BOXES LATER TODAY.
COMPANIES (AMENDMENT) (NO.2) BILL 1976
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A BILL WHICH SEEKS TO STREAMLINE AND SIMPLIFY PROCEDURES FOR THE WIND ING-UP OF COMPANIES UNDER THE COMPANIES ORDINANCE WAS PUBLISHED IN THE GAZETTE TODAY.
KNOWN AS THE COMPANIES (AMENDMENT) (NO.2) BILL 1976, IT PROVIDES FOR A NUMBER OF AMENDMENTS TO BE MADE IN LINE WITH THE BANKRUPTCY ORDINANCE.
THE BILL WILL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL SHORTLY.
IF ENACTED, THE AMOUNT OF A DEBT WHICH ENTITLES A CREDITOR TO PETITION FOR THE WINDING-UP OF A COMPANY, ON THE GROUND THAT IT IS UNABLE TO PAY ITS DEBT, WILL BE INCREASED FROM $500 TO $5,000 - IN LINE WITH THE RECENT SIMILAR AMENDMENT TO THE BANKRUPTCY ORDINANCE.
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ALSO, THE AMOUNT WHICH ENTITLES A CREDITOR TO PARTICIPATE IN COMPROMISES AND ARRANGEMENTS WILL BE INCREASED FROM $100 TO $250 TO BRING IT INTO LINE WITH CURRENT MONETARY VALUES.
ANOTHER PROVISION IS FOR SIMPLIFYING PROCEDURES APPLICABLE TO A WINDING-UP WHERE THE VALUE OF THE COMPANY'S PROPERTY IS NOT LIKELY TO EXCEED $10,000.
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