WEDNESDAY, JUNE 6, 1990
HE SAID WHILE THE ORDEAL OF THE FIVE HONG KONG SEAMEN DETAINED ON MAY 3 WAS FAR IN SHEKOU HAD ENDED WITH THEIR RELEASE, THE CASE FROM BEING RESOLVED.
HE WAS CONCERNED, AMONG OTHER THINGS, THAT THE ISSUE HAD
AFFECTED THE CONFIDENCE OF HONG KONG PEOPLE.
DR LEONG ASKED WHO THE GUILTY PARTIES WERE, AND HAD BEEN ANY CRAVEN CONCESSION MADE ON THE PART OF THE SO AS TO SECURE THE SEAMEN'S FREEDOM.
WHETHER THERE
ADMINISTRATION
HE WAS ALSO CONCERNED WHAT MEASURES THE HONG KONG GOVERNMENT WOULD TAKE TO PREVENT SIMILAR UNSETTLING PROBLEMS IN THE FUTURE.
ACCORDING TO DR LEONG, THE CRUX OF THE PROBLEM WAS HOW THE HONG KONG GOVERNMENT WOULD HALT UNAUTHORISED INCURSIONS INTO HONG KONG WATERS BY CHINESE SECURITY VESSELS IN CONNECTION WITH SMUGGLING ACTIVITIES AND ΤΟ RETAIN CREDIBILITY OF HONG KONG'S TERRITORIAL INTEGRITY UP TO AND BEYOND 1997.
HE CALLED ON THE AUTHORITIES CONCERNED ΤΟ JOIN HANDS AND LAUNCH A FULL-SCALE ENQUIRY ON THE HIGHLY CONTROVERSIAL INCIDENT.
0
PURPOSE OF INSURANCE COMPANIES AMENDMENT BILL EXPLAINED
THE PURPOSE OF THE INSURANCE COMPANIES (AMENDMENT) BILL 1990 IS то AMEND THE INSURANCE COMPANIES ORDINANCE IN ORDER TO REMOVE DOUBTS ABOUT THE ENFORCEABILITY OF UNAUTHORISED INSURANCE CONTRACTS AND TO PROVIDE FOR THE PRIOR APPROVAL OF CONTROLLERS OF AUTHORISED
INSURERS.
NENDICK, SAID WHEN MOVING THE
THE ACTING FINANCIAL SECRETARY, THE HON DAVID THIS IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY} SECOND READING OF THE BILL.
MR CONTRACTS,
NENDICK CLASS
UNAUTHORISED OF ENFORCEABILITY ON EXPLAINED THAT THE ORDINANCE RESTRICTED THE CARRYING ON OF ANY OF INSURANCE BUSINESS IN OR FROM HONG KONG TO INSURERS AUTHORISED FOR THAT PURPOSE BY THE INSURANCE AUTHORITY.
INSURANCE
"HOWEVER, AS THE LAW STANDS, IT IS NOT CLEAR WHETHER
INSURERS ARE VALID AND UNAUTHORISED ENTERED INTO
CONTRACTS
ENFORCEABLE.
BY
"WE BELIEVE THIS DOUBT SHOULD BE REMOVED,
HE SAID.
HE SAID THE OBJECT WAS TO PROTECT THE ORDINARY POLICY BEING ADVERSELY AFFECTED, DIRECTLY OR INDIRECTLY, BY ANY OF THE ORDINANCE BY AN INSURER.
FROM
HOLDER
BREACH
/"WE PROPOSE
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