12
FRIDAY, FEBRUARY 28, 1992
JANUARY
LAST MONTH
1992
HKS MN.
DECEMBER 1991 HK$ MN.
INCREASE
HK$ MN.
%
DOMESTIC EXPORTS
14,165
22,299
-8,134 -36.5
(% OF TOTAL EXPORTS)
(26.6%)
(29.8%)
RE-EXPORTS
39,009
52.487
-13,478
-25.7
TOTAL EXPORTS
53.174
74.786
-21,612
-28.9
IMPORTS
55,909
76.974
-21,065
-27.4
TRADE BALANCE
-2,735
-2,188
-547
FEB 91 TO
FEB 90 TO
INCREASE
LAST 12 MONTHS
JAN 92
HK$ MN.
JAN 91 HK$ MN.
HK$ MN.
IMPORTS
DOMESTIC EXPORTS
RE-EXPORTS
TOTAL EXPORTS
TRADE BALANCE
226,034
228.414
-2,380
-1.0
534,829
425,059
109,770
25.8
760.863
653,473
107,390
16.4
774,230
662,100
112,130
16.9
-13,367
-8,627
-4,740
BANKRUPTCY (AMENDMENT) BILL 1992 GAZETTED
THE BANKRUPTCY (AMENDMENT) BILL 1992 WHICH SEEKS TO PROVIDE A LEGAL BASIS FOR THE ESTABLISHMENT OF THE OFFICIAL
RECEIVER'S
(ORO) AS A SEPARATE DEPARTMENT, IS GAZETTED TODAY (FRIDAY).
OFFICE
THE INSOLVENCY DIVISION OF THE REGISTRAR GENERAL'S DEPARTMENT (RGD) IS PRESENTLY CHARGED WITH THE FULL RESPONSIBILITY FOR
MATTERS UNDER INSOLVENCY
THE BANKRUPTCY ORDINANCE AND FOR THE COMPULSORY WINDING-UP OF COMPANIES UNDER THE COMPANIES ORDINANCE.
"AS PART OF THE REORGANISATION PROGRAMME OF THE RGD, AND IN
HAS ORDER TO ALLOW MORE EFFECTIVE MANAGEMENT, IT
BEEN DECIDED THAT THIS DIVISION SHOULD BE ESTABLISHED AS A SEPARATE LEGAL ENTITY, A GOVERNMENT SPOKESMAN SAID.
17
THROUGH WHO WILL
CASES,
THE
BE
AND
THE REORGANISATION WILL IMPROVE EFFICIENCY INTRODUCTION OF A NEW GRADE OF INSOLVENCY OFFICERS,
THE OVERALL RESPONSIBLE FOR
MANAGEMENT OF INDIVIDUAL THROUGH GREATER SPECIALISATION BY LEGAL OFFICERS," HE SAID.
"THE NEW OFFICE, WHICH WILL BE HEADED BY THE OFFICIAL RECEIVER OPERATIONS ON JUNE 1 THIS (OR), IS TENTATIVELY SCHEDULED TO BEGIN YEAR,
TT
THE SPOKESMAN SAID.
THE BANKRUPTCY ORDINANCE GOVERNING THE OPERATION OF THE ORO.
IS
THE
PRINCIPAL
LEGISLATION
/"SECTIONS 75