XN000022-1978-01-27 — Page 6

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FRIDAY, JANUARY 27, 1978

THE SPOKESMAN OBSERVED THAT IF A COMPANY COULD NOT RAISE THIS AMOUNT OF CAPITAL IT COULD NOT HOPE TO SURVIVE ON A LONG TERM BASIS IN THE MODERN INSURANCE INDUSTRY AND, TO PROTECT POTENTIAL POLICY HOLDERS, SHOULD NOT BE ALLOWED TO SET UP IN BUSINESS.

THE PROVISIONS OF THE BILL IN THE GAZETTE WILL NOT BE EXTENDED TO EXISTING INSURANCE COMPANIES.

+ IT REMAINS NO MORE THAN AN INTERIM MEASURE FOR THE PURPOSE OF LIMITING THE SIZE OF THE PROBLEM PRESENTED BY UNDER-CAPITALISED

INSURANCE COMPANIES WHEN THE SUBSTANTIVE LEGISLATION COMES INTO EFFECT, THE SPOKESMAN SAID.

THE BILL PROPOSES PENALTIES OF $500,000 AND IMPRISONMENT FOR TWO YEARS, PLUS A DAILY FINE OF $50,000 IF THE OFFENCE CONTINUES.

PARENTS PLAY CRUCIAL ROLE IN REHABILITATION OF DELINQUENTS

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A CRUCIAL PART OF THE REHABILITATION PROGRAMME FOR JUVENILE DELINQUENTS WOULD REST ON THE CHILDREN'S PARENTS BECAUSE WITHOUT WHOSE CO-OPERATION, EFFORTS OF THE CORRECTIONAL INSTITUTIONS WOULD BE WASTED, MR. JUSTICE T.L.YANG, SAID THIS (FRIDAY) EVENING.

MR. JUSTICE YANG WAS ADDRESSING THE GATHERING AT THE FELLOWSHIP NIGHT - A PERFORMANCE STAGED BY RESIDENTS OF THE FIVE CORRECTIONAL INSTITUTIONS RUN BY THE SOCIAL WELFARE DEPARTMENT.

HE ALSO EMPHASISED THE ROLE OF THE COMMUNITY IN ASSISTING MINOR OFFENDERS IN THEIR STRUGGLE FOR A FRESH START IN SOCIETY.

+ IT IS ESSENTIAL THAT IN ANY HUMAN SERVICE THE EXPERTS SHOULD NOT BE LEFT TO DO ALL THE WORK- A LOT MORE DEPENDS ON THE ATTITUDES OF ALL THE PARTIES CONCERNED AND THAT OF THE COMMUNITY

ITSELF,+ MR. JUSTICE YANG SAID.

HE SAID THAT THESE UNFORTUNATE YOUTHS NEED THE ACCEPTANCE BY THE IR PARENTS, HEADMASTERS OR EMPLOYERS AS THE MERE GESTURE OF ACCEPTANCE WOULD GREATLY REINFORCE THEIR CONFIDENCE.

TURNING TO THE WORK OF THE CORRECTIONAL INSTITUTIONS, MR. JUSTICE YANG INDICATED THAT THERE WAS A CLEAR NEED FOR THESE ESTABLISHMENTS WHERE DELINQUENT YOUNGSTERS WERE TRUSTED TO THE CARE AND SUPERVISION OF PROFESSIONAL SOCIAL WORKERS.

THEY WOULD BE PROVIDED WITH ALL THE FACILITIES, EDUCATIONAL AND SOCIAL, TO LEARN TO COME TO TERMS WITH THE IR PROBLEMS IN AN ORDERLY AND DISCIPLINED ENVIRONMENT, HE SAID.

'THESE YOUNGSTERS WHO,