XN000022-1984-08-24 — Page 3

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FRIDAY, AUGUST 24, 1984

THE NEW LEGISLATION PRESCRIBES REQUIREMENTS FOR THE FITNESS OF DIRECTORS AND CONTROLLERS OF INSURANCE COMPANIES AND PROVIDES MORE STRINGENT FINANCIAL AND OTHER REQUIREMENTS ON INSURERS.

IT ALSO CONFERS MUCH WIDER POWERS OF INVESTIGATION AND INTERVENTION ON THE REGISTRAR GENERAL IN HIS CAPACITY AS INSURANCE AUTHORITY FOR THE BETTER PROTECTION OF POLICY HOLDERS.

AS AT JUNE 30 THIS YEAR, THERE WERE 277 INSURANCE COMPANIES AUTHORISED TO CARRY ON THE INSURANCE BUSINESS INCLUDING 15

COMPARED WITH A TOTAL OF 307 COMPANIES AT THE

NEW ONES COMMENCEMENT OF THE ORDINANCE.

OF THESE 277 COMPANIES, 130 WERE INCORPORATED IN HONG KONG. THE REMAINING 147 COMPANIES CAME FROM 26 COUNTRIES, THE MAJORITY OF THEM FROM THE UNITED KINGDOM (50), AND THE UNITED STATES (30)

SIX FOLLOWED BY EIGHT COMPANIES EACH FROM BERMUDA AND JAPAN, EACH FROM SINGAPORE AND SWITZERLAND, AND FIVE EACH FROM CANADA AND FRANCE.

INDUSTRIAL SAFETY GRAND FINAL TOMORROW

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THE FINAL EPISODE OF THE +SAFETY AT WORK+ SERIES IV TELEVISION PROGRAMME AND AN INDUSTRIAL SAFETY GALA NIGHT+ WILL BE SCREENED ON HK-TVB'S JADE CHANNEL AT 9.30 PM TOMORROW (SATURDAY).

TELEVISION PERSONALITIES MR TANG YING-MAN AND MISS HAPPY CHAN

HO!-SUM WILL BE COMPERES OF THE GALA NIGHT.

A NUMBER OF POPULAR SINGERS AND ARTISTES WILL BE PERFORMING. THEY INCLUDE: MISS ROWENA CORTES, MR PANG KIN-SUN, MISS ANNABELLE LOUIE, MR ROY CHIAO, THE YOUNG TIGERS GROUP, AND TWO FORMER MISSES HONGKONG ROWENA LAM AND ANGLIE LEUNG.

AN 11-DAY ARE LAI SUN

COMPETING IN THE FINAL FOR THE GRAND PRIZE ALL-EXPENSES-PAID HOLIDAY IN THE UNITED STATES GARMENT COMPANY LTD, GARDEN COMPANY LTD AND HONG KONG UNITED DOCKYARDS LTD. THEY BEAT 24 OTHER TEAMS IN THE PRELIMINARIES AND SEMI-FINALS SCREENED ON THE SAME CHANNEL IN THE PAST 12 WEEKS.

THE WINNING TEAM IS SCHEDULED TO LEAVE FOR UNITED STATES

ON SEPTEMBER 12.

JOINTLY ORGANISED BY THE LABOUR DEPARTMENT, RADIO TELEVISION HONG KONG AND THE FEDERATION OF HONG KONG INDUSTRIES, THE ONE-HOUF SHOW WILL FEATURE AN ENTERTAINMENT PROGRAMME OF SINGING, BREAKDANCE, A MINI-OPERA AS WELL AS AN INDUSTRIAL SAFETY QUIZ WITH ATTRACTIVE PRIZES.

/OVER $300 000