24
THE OFFICE OF COMMISSIONER'S OFFICE")
THE
SAID
TODAY
AVAILABLE
JANUARY 14, 1989, BEEN REQUIRED BY THE THE POWERS
TO HIM TO CEASE
UNDER
27 SECTION WRITING INSURANCE
INSURANCE
{ "THE SINCE
OF COMMISSIONER
THAT THE COMPANY HAD,
INSURANCE AUTHORITY, THROUGH OF THE INSURANCE BUSINESS AND TO
COMPANIES ORDINANCE, COMMENCE A RUN-OFF OF ITS OUTSTANDING LIABILITIES. THE COMPANY HAS CURRENT POLICIES IN FORCE.
THE COMMISSIONER'S OFFICE
NO
CLOSELY
THE MONITORING
LIABILITIES.
THE INSURANCE
RUN-OFF
FURTHER
OF
STATED THAT THE COMPANY'S
IT HAD BEEN OUTSTANDING
AUTHORITY
WAS
NO
LONGER
THAT SATISFIED ORDERLY MANNER.
INTERESTS OF
AFFAIRS
THE
HE
THE OF
RUN-OFF OF LIABILITIES WAS ABLE TO PROCEED IN AN
THE DESIRABLE AND IN IT THEREFORE CONSIDERED COMPANY'S POLICY HOLDERS AND INSURANCE CLAIMANTS THAT THE THE COMPANY BE PLACED UNDER THE CONTROL OF A LIQUIDATOR.
HIS CUSTODY A THE INSURANCE AUTHORITY HAD ALREADY TAKEN INTO
AVAILABLE ASSETS. HE
SUCH BELIEVED THAT PORTION OF THE COMPANY'S ASSETS COUPLED WITH THE GUARANTEE FUND OPERATED BY THE MOTOR INSURERS'
TO SECURITY
THE BUREAU WOULD PROVIDE A LEVEL HOLDERS AND INSURANCE CLAIMANTS,
OF
COMPANY'S
POLICY
WATER SUPPLY SUSPENSION IN TSUEN WAN
SOME PREMISES IN TSUEN WAN WILL FRESH WATER SUPPLY TO
7 AM THE SUSPENDED FROM 10 PM ON FRIDAY (DECEMBER 14) TO DAY TO FACILITATE LEAKAGE TESTS.
BE
FOLLOWING
THE AFFECTED PREMISES ARE BOUNDED BY FU YUNG STREET, CIRCUIT, TAI HO ROAD AND SHA TSUI ROAD.
YUEN TUN
0
-
FC MEETING ON FRIDAY
* *
THE FINANCE COMMITTEE WILL HOLD A MEETING ON FRIDAY (DECEMBER 14) IN THE LEGISLATIVE COUNCIL CHAMBER.
THE MEETING WILL BEGIN AT 2.30 PM.
PROCEEDINGS FROM THE CHAMBER'S PUBLIC RESERVATIONS BY TELEPHONING 844 0899.
MEMBERS OF THE PUBLIC ARE WELCOME TO OBSERVE THE COMMITTEE'S
GALLERIES AND THEY MAY
MAKE