XN000022-1984-08-29 — Page 5

WEDNESDAY, AUGUST 29, 1984

NEW COMPANY ORDINANCES GAZETTED

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THE COMPANIES (AMENDMENT) ORDINANCE 1984 TOGETHER WITH THE COMPANIES (FEES) REGULATIONS 1984, THE COMPANIES (FORMS) REGULATIONS 1984 AND THE COMPANIES (WINDING-UP) { AMENDMENT) RULES. 1984 WILL COME INTO OPERATION ON FRIDAY (AUGUST 31, 1984).

THE COMPANIES (AMENDMENT) ORDINANCE 1984, PUBLISHED IN THE GAZETTE ON JANUARY 27, 1984, INTRODUCES A LARGE NUMBER OF AMENDMENTS TO THE PRINCIPAL ORDINANCE COVERING AREAS SUCH AS THE INCORPORATION OF COMPANIES, SHARE CAPITAL AND DEBENTURES, REGISTRATION OF CHARGES, MANAGEMENT AND ADMINISTRATION, WINDING-UP, RECEIVERS AND MANAGERS, AND OVERSEAS COMPANIES.

THE BANKRUPTCY ORDINANCE (CAP. 6) AND THE BANKRUPTCY RULES HAVE ALSO BEEN AMENDED IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES (AMENDMENT) ORDINANCE 1984, AND THE AMENDED ORDINANCE AND RULES WILL COME INTO EFFECT ON THE SAME DATE.

THE REPRINT OF THE PRINCIPAL COMPANIES ORDINANCE (CAP. 32) INCLUDING THE AMENDMENTS WILL BE AVAILABLE FOR SALE AT GOVERNMENT PUBLICATIONS SALES CENTRES FROM AUGUST 31, 1984.

AGREEMENT ON U.S. EXPORT LIMITS ****

RESUMED CONSULTATIONS BETWEEN HONG KONG AND UNITED STATES OFFICIALS ON THREE OUTSTANDING EXPORT AUTHORISATION (EA) CALLS HAVE RESULTED IN AGREEMENT ON EXPORT LIMITS IN 1984 FOR TWO OF THE CATEGORIES.

THE TALKS ON ALL THREE CATEGORIES TOOK PLACE IN WASHINGTON ON AUGUST 22.

A SPOKESMAN FOR THE TRADE DEPARTMENT SAID TODAY THAT, DURING THE ONE-DAY TALKS, HONG KONG AGREED TO A LIMIT OF 950 000 LBS FOR EXPORTS IN 1984 IN PART OF CATEGORY 359 (COTTON COVERALLS, ETC) AND ALSO ON A LIMIT OF 1 050 000 LBS FOR EXPORT IN 1984 IN PART OF CATEGORY 659 (MAN-MADE FIBRE COVERALLS, ETC).

ON PART OF CATEGORY 659 (MAN-MADE PULLOVER JACKETS), THE SPOKESMAN SAID DISCUSSIONS WERE HELD-OVER PENDING FURTHER CONSIDERATION BY HONG KONG OF PROPOSALS TABLED BY THE U.S. DELEGATION.

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