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SATURDAY, OCTOBER 4, 1986
THE INSURANCE DIVISION AUTHORISED 10 NEW INSURERS UNDER THE INSURANCE COMPANIES ORDINANCE, COMPARED WITH 13 THE PREVIOUS YEAR.
NINE INSURERS CEASED TO BE AUTHORISED, COMPARED WITH SEVEN IN 1984-85.
HENCE, AT THE END OF THE YEAR THERE WAS A NET INCREASE OF ONE INSURER, BRINGING THE TOTAL NUMBER OF AUTHORISED INSURERS TO 287.
CONCERNING BANKRUPTCIES AND LIQUIDATIONS, 336 RECEIVING ORDERS, FOUR ADMINISTRATION ORDERS AND 300 WINDING-UP ORDERS WERE MADE DURING THE YEAR COMPARED WITH 273 RECEIVING ORDERS, TWO ADMINISTRATION ORDERS AND 330 WINDING-UP ORDERS IN 1984-85.
THE TOTAL NUMBER OF NEW CASES WAS 35 MORE THAN THE PREVIOUS YEAR'S FIGURES AND REPRESENTED THE LARGEST NUMBER OF CASES EVER RECEIVED IN ONE YEAR.
WEINBERGER ON BRIEF STOP-OVER
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AMERICAN SECRETARY OF DEFENCE, MR CASPAR WEINBERGER, WILL ARRIVE IN HONG KONG FOR A BRIEF STOP-OVER ON MONDAY (OCTÓBER 6) AND DEPART THE FOLLOWING DAY.
HE IS EXPECTED TO ARRIVE ON A SPECIAL FLIGHT AT 1.20 PM ON MONDAY, AND WILL LEAVE AT 3.30 PM ON TUESDAY.
NOTE TO EDITORS:
FACILITIES FOR PHOTOGRAPHERS AND CAMERAMEN HAVE BEEN ARRANGED
A PRESS POSITION TO COVER MR WEINBERGER'S ARRIVAL AND DEPARTURE. WILL BE SET UP IN THE LONG-TERM PARKING AREA ON THE APRON.
MEDIA REPRESENTATIVES WISHING TO COVER HIS ARRIVAL SHOULD ASSEMBLE AT THE PRESS ROOM ON THE GROUND FLOOR OF THE AIRPORT AT NOON ON MONDAY. THOSE COVERING HIS DEPARTURE SHOULD ASSEMBLE AT THE SAME PLACE AT 2 PM ON TUESDAY.
PHOTOGRAPHERS AND CAMERAMEN ARE ADVISED TO BRING ALONG TELEPHOTO LENSES, ALTHOUGH EVERY EFFORT WILL BE MADE TO PLACE THE PRESS POSITION AS CLOSE AS POSSIBLE TO THE AIRCRAFT.
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