PR 31
+
香港政府
GIS
新聞處
DAILY INFORMATION BULLETIN
SUPPLEMENT
Friday, March 2, 1973
FINANCIAL SECRETARY ON GOVERNMENT AND INSURANCE INDUSTRY
EMBARGO NOTE:
This item should not be broadcast
or published before 10.15 p.m. tonight.
The Financial Secretary, Mr. C.P. Haddon-Cave, this evening outlined
some of the guidelines the Government was following in the review now being
made of existing insurance legislation in Hong Kong.
"Whilst the Government seeks to protect policy holders it does, at
the same time, wish to leave the insurance industry as free as possible from
constraints," he said.
He was speaking at the annual dinner of the Insurance Institute at
the Peninsular Hotel.
Mr. Haddon-Cave also explained the considerations underlying his
Budget proposals regarding the abolition of the selective allowance of
insurance relief.
The following is the full text of the Financial Secretary's speech:
"Mr. President, Gentlemen,
"Government and the Insurance Industry' can hardly be described as a
spine-tingling subject for an after-dinner speech so I hope you all feel slightly
anaesthetized by the excellence of your Institute's arrangements for this evening's
dinner.
/"Legislation
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