CO129-416 - Public Offices - 1914 — Page 413

563

408

desirable as the appointment of inspectors

is difficult, however that in a matter for

the executive. The case is very different

with Life Insu mnce, restrictive legislation

which la nodesmry in Hongkong da 'a fortiori'

necessary in China. The Companies Ordinance

Cection 260 enves the Life insurance Companies

Ordinances 1967 and 1969, and these therefore

undoubtedly apply to all much companion as

are registered in fiongkong and carry on bund-

ness in China. (Beation 2; definition of Life

Insurance Company), They are liable to mako

all their deposits and returna in hongkong da

heretofore, and they are subject to the control

of the Court in longkong.

If, however, it is desired that a

China company should imko ita deposits and

returns in Shunglini, an addition to Article

3 (3) to cover mota done under the Life Laurance

Ordinance