42
—
WEDNESDAY, JULY 11, 1990
MORE WINDING-UP AND BANKRUPTCY CASES
NEW
PERSONAL
AS COMPARED 1989, THE REGISTRAR
THERE WERE 142 NEW COMPULSORY WINDING-UPS AND 93 BANKRUPTCIES DURING THE FIRST SIX MONTHS OF THIS YEAR WITH THE CORRESPONDING FIGURES OF 74 AND 86 IN GENERAL, MR NOEL GLEESON, SAID TODAY (WEDNESDAY).
INSOLVENCIES HAD IT COULD BE SEEN, THEREFORE, THE RATE OF NEW
WAS A REVERSAL OF THE DOWNWARD INCREASED BY 46.88 PER CENT WHICH TREND SINCE 1986, HE SAID.
BY COMPARISON THERE WAS A 20.4 PER CENT DECREASE IN THE
YEAR OF 1989 OVER OF NEW INSOLVENCIES IN THE FIRST HALF PERIOD OF 1988.
THE
NUMBER SAME
SIGNIFICANT
THE
INSOLVENCIES DURING
GARMENTS LTD, GRAND
THE MORE COMPLICATED OR FIRST SIX MONTHS OF THIS YEAR WERE MAGNIFICENT UNION LIFE ASSURANCE LTD, HANG LUNG INSURANCE LTD AND ARMOUR INSURANCE: CO. LTD.
RECEIVER DURING THE
MILLION IN INSOLVENCIES
122
FOR
THE
TOTAL DIVIDENDS DECLARED BY THE OFFICIAL
ΤΟ $38.99 FIRST HALF YEAR OF 1990 AMOUNTED INSOLVENCIES, AS AGAINST $88.60 MILLION IN 153 CORRESPONDING PERIOD OF 1989.
BEING HANDLED
BY
1,624
THE TOTAL NUMBER OF ACTIVE INSOLVENCY CASES THE OFFICIAL RECEIVER'S OFFICE AT THE END OF JUNE THIS YEAR WAS 884 COMPULSORY WINDING-UPS AND 740 PERSONAL BANKRUPTCIES.
JUNE CENT AS
FUNDS ADMINISTERED BY THE OFFICIAL RECEIVER AT THE END OF
PER 33.04 DECREASE OF THIS YEAR TOTALLED $845 MILLION, A AGAINST $1,262 MILLION AT THE END OF JUNE 1989.
ADMINISTERED THE OFFICIAL
ALSO RECEIVER MILLION TOGETHER WITH A JOINT OVERSEAS LIQUIDATOR.
A SUM OF
US$7.5
SENIOR CITIZENS SHOULD REMAIN ACTIVE
SENIOR CITIZENS SHOULD BE ENCOURAGED TO
CONTINUE CONTRIBUTING MAKE THEIR OWN LIVES MORB AS TO TO THE WELL-BEING OF SOCIETY SO
MR MEANINGFUL AND REWARDING, THE SECRETARY FOR HONG KONG AND KOWLOON, DAVID LAN, SAID TODAY (WEDNESDAY).
HE WAS SPEAKING AT THE 11TH ANNIVERSARY OF THE KOWLOON SENIOR CITIZENS' WELFARE ASSOCIATION.
KONG
STEPPED
MR LAN NOTED THAT AS HONG NUMBER OF ELDERLY PEOPLE WOULD BE ON THE INCREASE.
RONG KONG AND
INTO
THE
90'S,
THE
/THE PROBLEM