20

THESE ASSETS COULD BE SOLD BY THE

PURPOSE OF PAYING MR BRIDGE SAID.

PREFERENTIAL

AND

WEDNESDAY, JUNE 8. 1988

OFFICIAL RECEIVER FOR THE ΤΟ EMPLOYEES,

ORDINARY CLAIMS

PROVIDES "FIFTHLY, SECTION 224 OF THE COMPANIES ORDINANCE ALSO

OF ANY RESPONSIBLE PERSON OF A FOR THE COURT TO ORDER THE ARREST

LEAVE HONG KONG ΤΟ EVADE COMPANY WHO HAS ABSCONDED OR IS ABOUT TO

COMPANY, PAYMENT

DEBTS DUE TO THE PERSONAL OF

AVOIDING EXAMINATION RESPECTING THE AFFAIRS OF THE COMPANY.

MR BRIDGE SAID

OR

IT

OF

THESE PROVISIONS

ΤΟ APPEARED

BE REASONABLY DEPARTMENTS CONCERNED WOULD BE ADEQUATE, BUT DISCUSSIONS WITH THE

SITUATION CONTINUED ON WHETHER THERE WERE ANY OTHER WAYS IN WHICH THE COULD BE IMPROVED.

OFFICERS WILL

HE

"MEANWHILE THE LABOUR DEPARTMENT'S CONCILIATION DO ALL THEY CAN TO HELP ANY WORKERS FACING PROBLEMS OF THIS SORT," SAID.

OF A PLASTICS HONG KONG SEVERANCE NOW BEING

FACTORY OUT OF

WAGES AND CASE WAS

REFERRING TO A RECENT CASE IN WHICH THE OWNERS FACTORY WERE ALLEGED TO HAVE MOVED THEIR LEAVING A LIABILITY OF ABOUT $660,000 IN UNPAID PAY DUE TO THEIR 56 WORKERS, MR BRIDGE SAID THE INVESTIGATED BY THE OFFICIAL RECEIVER'S OFFICE.

HAVE ALREADY

RECEIVED

"MEANWHILE THE WORKERS TOTALLING SOME $255,000 FROM THE INSOLVENCY FUND," HE SAID.

..

'FORTUNATELY THIS CASE IS NOT TYPICAL AND WE HAVE OTHER COMPLAINTS INVOLVING COMPARABLE ALLEGATIONS.

FIRST

FIVE MONTHS

PAYMENTS

RECEIVED NO

LABOUR

"IN THE

THE OF THIS YRAR,

49 CASES ARISING FROM DEPARTMENT'S CONCILIATION OFFICERS HELPED IN FACTORIES MOVING THEIR OPERATIONS OUT OF HONG KONG.'

H

MR BRIDGE NOTED THAT IN 16 OF THESE CASES THERE WERE QUERIES OR WAS DISPUTES OVER THE AMOUNT OF WAGES OR SEVERANCE PAY DUE, BUT THERE

OR TRYING NO EVIDENCE TO SUGGEST THAT THE EMPLOYER WAS UNABLE TO PAY TO RVADE PAYMENT.

MIL. IN

"THESE 46 CASES INVOLVED

HE SAID.

A TOTAL

519 OF

WORKERS

AND $5.4

1

28 OF THESE FOLLOW LNG CONCILIATION BY THE LABOUR DEPARTMENT,

85 PER CENT OF CASES WERE AMICABLY SETTLED AND 443 WORKERS OR CLAIMANTS RECEIVED PAYMENTS TOTALLING $4.6 MILLION.

"IN TWO CASES CONCILIATION WORK IS CONTINUING.

"TEN CASES

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