MONDAY, JULY 13, 1987
BY COMPARISON THERE WAS ALSO A 8.56 PER CENT DECREASE IN THE NUMBER OF NEW INSOLVENCIES IN THE FIRST HALF YEAR OF 1986 OVER THE SAME PERIOD OF 1985.
JAN
NOTABLE COMPANY FAILURES DURING THE FIRST SIX MONTHS OF THIS YEAR INCLUDED N.F.F. CO.
LTD., AUSTRAVEL CO. LTD., UNITED STATES LINES, INC., JAN SIN MEE GARMENTS MANUFACTURING (1981) Co. LTD. SIN MEE (HOLDINGS) LTD., MARIGOLD RESTAURANT LTD., RIGHT TIME CONSTRUCTION CO. LTD., AND THAI GEAR CO. LTD.
THE TOTAL NUMBER OF INSOLVENCIES BEING HANDLED BY THE OFFICIAL RECEIVER'S OFFICE AT THE END OF JUNE, 1987 WAS 2,937, COMPRISING 1,620 COMPANY LIQUIDATIONS AND 1,317 PERSONAL BANKRUPTCIES.
FUNDS ADMINISTERED BY THE OFFICIAL RECEIVER AT THE END OF JUNE THIS YEAR TOTALLED $1,348 MILLION, A DECREASE OF 0.88 PER CENT AS AGAINST $1,360 MILLION AT THE END OF
JUNE. 1986. THE DECREASE WAS PARTLY DUE TO THE SUBSTANTIAL INCREASE OF TOTAL DIVIDENDS PAID BY THE OFFICIAL RECEIVER DURING THE FIRST HALF YEAR OF 1987 WHICH AMOUNTED TO $123.96 MILLION IN 190 INSOLVENCIES, AS AGAINST $20.13 MILLION IN 87 INSOLVENCIES FOR THE CORRESPONDING PERIOD OF 1986.
EMPLOYERS WARNED AGAINST EMPLOYING IIS
THE LABOUR DEPARMENT HAS JUST COMPLETED A THREE-DAY OPERATION ON NON-INDUSTRIAL ESTABLISHMENTS TO CHECK ON EMPLOYEES' RECORDS AND THE IDENTITY OF EMPLOYEES WORKING THERE.
IT WAS ONE OF THE MANY CAMPAIGNS LAUNCHED BY THE DEPARTMENT TO ENFORCE LABOUR LEGISLATION AND PART IVB OF THE IMMIGRATION ORDINANCE WHICH PROHIBITS THE EMPLOYMENT OF PERSONS WITHOUT VALID PROOF OF IDENTITY.
DURING THE RECENT OPERATION, MORE THAN 3,300 WORKERS IN 827 EATING ESTABLISHMENTS, COOKED FOOD STORES, AND FISH, POULTRY AND FRUIT WHOLESALE MARKETS THROUGHOUT THE TERRITORY WERE CHECKED.
AS A RESULT, 15 EMPLOYERS WERE FOUND NOT MAINTAINING PROPER RECORDS OF THEIR EMPLOYEES. ONE WORKER WHO DID NOT CARRY ANY PROOF OF IDENTITY WAS REFERRED то THE IMMIGRATION DEPARTMENT FOR FURTHER INVESTIGATION.
IN
A LABOUR DEPARTMENT SPOKESMAN SAID THAT THESE SPECIAL CAMPAIGNS WERE CONDUCTED FROM TIME TO TIME ON DIFFERENT TRADES AND DIFFERENT LOCALITIES.
"OUR INTENTION