In February and March, ORO had entertained delegations from the Leadership Group on Bankruptcy of the Nation People's Congress, the Shenzhen Administrative Bureau for Industry and Commerce and the China Securities Regulatory Commission to explain the organisation and operations of ORO.
During the year, the Administration decided that more compulsory winding-up liquidations should be allocated out to the private sector.
Discussions are being conducted with the Insolvency Practitioners Committee of the Hong Kong Society of Accountants to form an administrative panel of experience insolvency practitioners to do this work. The scheme should come into operation later this year.
Total funds administered in the Companies Liquidation Account was $2,749 million and in Bankruptcy was $102 million. Note to Editors:
End/Tuesday, October 24, 1995
Most improved students award scheme invites nominations
Hard working and best performed Secondary 2 and 3 students will have an opportunity to win prizes in the Most Improved Students Award Scheme.
The Education Department is appealing to all school principals to nominate their outstanding students who, as a result of their hard work and perseverance, have attained the best all-round improvement in performance over the past school year.
The annual event, which is open to all types of secondary schools, including government, aided, private and special schools, is aimed at encouraging junior secondary students to fully develop their individual potential.
Awardees will each be presented with an award certificate, a most improved student pin and a $600 cash prize.
The winner of awards will be limited to two for each participating school, one for a student who has completed secondary 2 and the other for a student who has completed secondary 3.
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