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THURSDAY, APRIL 21, 1983
ONE OF THEM SEEKS TO ENSURE THAT ANY PERSON WHO IS CONSIDERED BY THE INSURANCE AUTHORITY NOT TO BE A FIT AND PROPER PERSON TO BE ASSOCIATED WITH AN AUTHORISED INSURANCE COMPANY WILL NOT FREELY ACQUIRE A POSITION OF INFLUENCE IN RELATION TO SUCH A COMPANY.
HE SAID THAT HE BELIEVED THE ORDINANCE WOULD PROVIDE A GOOD FRAMEWORK FOR INSURANCE COMPANIES, WHETHER LOCAL OR OVERSEAS, TO OPERATE IN HONG KONG AND WOULD NOT PLACE UNREASONABLE BURDENS OR CONSTRAINTS ON THE DEVELOPMENT AND PROSPERITY OF SUCH INSURANCE COMPANIES.
HE SAID THAT THE DEPARTMENT HAD RECENTLY ISSUED CIRCULAR LETTERS TO ALL INSURANCE COMPANIES CARRYING ON THE PRESENTLY REGULATED CLASSES OF INSURANCE BUSINESS IN HONG KONG, NAMELY, LIFE, FIRE, MARINE AND MOTOR VEHICLE INSURANCE BUSINESS, ADVISING THEM OF THE FORMALITIES THEY WOULD NEED TO COMPLY WITH UPON THE COMMENCEMENT OF THE ORDINANCE.
IN THE LETTERS, THE COMPANIES WERE ADVISED THAT THEIR AUTHORISATIONS TO CARRY ON THOSE CLASSES OF INSURANCE BUSINESS WOULD CONTINUE TO BE EFFECTIVE PROVIDED THAT, WITHIN A TRANSITIONAL PERIOD OF THREE MONTHS FROM THE DATE OF COMMENCEMENT OF THE ORDINANCE, THEY FURNISHED THE INSURANCE AUTHORITY WITH INFORMATION ABOUT THEIR DIRECTORS AND CONTROLLERS AND MET A NUMBER OF OTHER REQUIREMENTS.
THE LETTERS ALSO ADVISED THOSE COMPANIES OF THE NEED TO APPLY EARLY FOR AUTHORISATION IN RESPECT OF ALL OTHER CLASSES OF INSURANCE BUSINESS CARRIED ON BY THEM BUT NOT PREVIOUSLY REGULATED BY THE INSURANCE LEGISLATION.
THE SPOKESMAN ALSO REMINDED ALL INSURANCE COMPANIES CARRYING ON THE UNREGULATED CLASSES OF INSURANCE BUSINESS OF THE NEED TO LODGE TIMELY APPLICATIONS FOR AUTHORISATION IN ORDER THAT THEY MIGHT BE ALLOWED TO CONTINUE TO CARRY ON SUCH BUSINESS UNDER THE NEW ORDINANCE.
ALL ENQUIRIES IN THIS CONNECTION, HE SAID, SHOULD BE DIRECTED TO THE INSURANCE REGISTRY, ROOMS 1405-6, WING ON CENTRE, 111 CONNAUGHT ROAD, CENTRAL, HONG KONG (TEL. NO. 5-441711).
VITAL ROLE OF IMMIGRATION OFFICERS STRESSED ****
IN THE INTERESTS OF THE HONG KONG COMMUNITY, IMMIGRATION MUST BE CAREFULLY CONTROLLED AND ILLEGAL IMMIGRANTS REPATRIATED, THE SECRETARY FOR SECURITY, MR DAVID JEAFFRESON, STRESSED TODAY (THURSDAY).
SPEAKING AT THE PASSING-OUT PARADE OF IMMIGRATION OFFICERS MR JEAFFRESON REITERATED THAT CONTRARY TO RUMOURS, THERE WOULD BE NO AMNESTY FOR ANY ILLEGAL IMMIGRANT DISCOVERED AS A RESULT OF INTRODUCING THE NEW IDENTITY CARD.
+NO ILLEGAL ENTRANTS CAN EXPECT TO BE ALLOWED TO STAY. ONCE THEY ARE FOUND AND ESTABLISHED AS ILLEGAL IMMIGRANTS, THEY WILL BE SENT BACK, HE EMPHASISED.
MR JEAFFRESON