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SATURDAY, DECEN ER 29,
TO GUARD AGAINST UNJUSTIFIED CLAIMS FOR PUBLIC ASSISTANCE THROUGH BENEF IT-MOTIVATED SEPARATION BETWEEN HUSBAND AND WIFE, THE BOARD SUGGESTS THAT THE SOCIAL WELFARE DEPARTMENT BE MORE WATCHFUL AND SHOULD ONLY APPROVE CASES ON THE BASIS OF MORE CONCRETE PROOFS. THESE PROOFS COULD INCLUDE COMPLETION OF LEGAL FORMALITIES, FREQUENT DISPUTES OF COUPLES OR COLLATERAL INFORMATION OBTAINED FROM NEIGHBOURS.
A SPOKESMAN FOR THE SOCIAL WELFARE DEPARTMENT SAID THE DEPARTMENT WELCOMED THE SUGGESTIONS.
APPEALS CAN BE MADE AT THE OFFICE OF THE APPEAL BOARD AT 7TH FLOOR, PACIFIC HOUSE, 20-20B, QUEEN'S ROAD CENTRAL, OR AT THE SOCIAL WELFARE DEPARTMENT HEADQUARTERS AT WORLD TRADE CENTRE, 280 GLOUCESTER ROAD, CAUSEWAY BAY OR AT ANY OF THE DEPARTMENT'> SOCIAL SECURITY FIELD UNITS.
DEAK-PERERA FAR EAST LTD. ***
THE REGISTRAR GENERAL, MR NOEL GLEESON, COMMENTING ON THE POSITION REGARDING UNCOMPLETED DEALINGS IN GOLD AND OTHER PRECIOUS METALS WITH DEAK-PERERA FAR EAST LIMITED, SAID TODAY (SATURDAY) THAT ALL TRADING WAS SUSPENDED AFTER HIS APPOINTMENT AS PROVISIONAL LIQUIDATOR ON DECEMBER 27.
TRADING WOULD REMAIN SUSPENDED UNTIL AFTER THE HEARING OF THE WINDING-UP PETITION, WHICH WAS LISTED FOR FEBRUARY 4, 1985.
UNTIL THEN, GOLD AND OTHER PRECIOUS METAL CUSTOMERS, AS WELL AS GENERAL CREDITORS, SHOULD NOT APPROACH THE OFFICIAL RECEIVER'S OFFICE BUT SHOULD RETAIN ALL DOCUMENTS HELD BY THEM CONCERNING THE IR DEALINGS WITH THE COMPANY,
IF A WINDING-UP ORDER IS MADE, CLAIMS SHOULD BE LODGED WITHOUT DELAY WITH THE OFFICIAL RECEIVER OR OTHER LIQUIDATOR APPOINTED BY THE COURT.
THE QUESTION OF WHETHER THE COMPANY'S GOLD AND OTHER PRECIOUS METAL HOLDINGS ARE HELD ON TRUST SPECIFICALLY FOR GOLD AND OTHER PRECIOUS METAL CUSTOMERS OR ALTERNATIVELY WOULD BECOME PART OF THE GENERAL ASSETS OF THE COMPANY IN THE EVENT OF A WINDING-UP ORDER BEING MADE IS OF CONSIDERABLE LEGAL COMPLEXITY.
THIS IS BEING LOOKED INTO AND EXPERT ADVICE IS BEING OBTAINED. WHEN THE LEGAL POSITION IN THIS REGARD HAS BEEN CLARIFIED, CREDITORS AND CUSTOMERS WILL BE INFORMED.
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