XN000022-1986-01-17 — Page 8

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FRIDAY, JANUARY 17, 1986

+THE LIST WILL BE EXTENDED TO COVER GREAT UNCLES AND AUNTS AND THEIR CHILDREN, GREAT-GRANDPARENTS AND OTHERS IN A DIRECT LINE GRANDCHILDREN AND GREAT-GRANDCHILDREN, GOD CHILDREN AND GOD PARENTS ACCORDING TO CHINESE CUSTOM. CHILDREN TREATED AS CHILDREN OF THE FAMILY AND PERSONS TREATED BY A CHILD AS HIS OR HER PARENTS, AND UNMARRIED CO-HABITEES AS LONG AS THEY HAVE LIVED TOGETHER FOR MORE THAN TWO YEARS, HE SAID. THE SAME RANGE OF DEPENDANTS WOULD APPLY TO THE CLAIM FOR LOSS OF ABILITY TO RENDER GRATUITOUS SERVICES.

TURNING TO ANOTHER ASPECT OF THE BILLS, THE SPOKESMAN SAID THERE WAS PROVISION FOR THE FIRST TIME IN HONG KONG FOR THE COURTS TO MAKE PROVISIONAL ORDERS FOR DAMAGES.

+A PERSON WHO IS INJURED, BUT WHOSE INJURIES HAVE NOT FINALLY SETTLED AT THE TIME HIS CASE IS HEARD IN COURT, MAY BE GIVEN THE RIGHT TO RETURN AT A LATER DATE FOR A FINAL AWARD, TAKING ACCOUNT OF THE ACTUAL RESULT OF THE INJURY,+ HE SAID.

THE BILLS ALSO SEEK TO ABOLISH THE ANTIQUATED LAWS THAT ENABLED AN EMPLOYER TO RECOVER DAMAGES FROM A PERSON WHO DEPRIVED HIM OF THE SERVICES OF HIS FEMALE SERVANT BY RAPING OR SEDUCING HER, OR WHO ENTICED OR HARBOURED HIS SERVANT.

THE BILLS WILL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL ON JANUARY 29.

VIEWS ON PROVISIONS OF THE BILLS CAN BE SENT TO THE ASSISANT SECRETARY OF THE LAW REFORM COMMISSION AT QUEENSWAY GOVERNMENT OFFICES, 4/F, 66 QUEENSWAY, OR TO UMELCO AT JACKSON ROAD, CENTRAL.

+NET CAPITAL+ DEFINED IN NOTICE

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A NOTICE MADE UNDER THE SECURITIES ORDINANCE TO SPECIFY, AMONG OTHER THINGS, DEFINITIONS OF NET CAPITAL' AND 'LIQUIDITY MARGIN' OF A DEALER OR DEALING PARTNERSHIP, WAS GAZETTED TODAY (FRIDAY).

UNDER SECTION 65B OF THE SECURITIES ORDINANCE, A REGISTERED DEALER OR DEALING PARTNERSHIP WILL BE REQUIRED TO MAINTAIN A MINIMUM LEVEL OF NET CAPITAL AND A LIQUIDITY MARGIN.

THE SECURITIES (SPECIFICATION OF APPROVED ASSETS, LIQUID ASSETS AND RANKING LIABILITIES) NOTICE 1986 WILL HELP DEALERS AND DEALING PARTNERSHIPS TO DETERMINE WHETHER THEY ARE ABLE TO COMPLY WITH THE NEW FINANCIAL REQUIREMENTS WHICH WILL TAKE EFFECT WHEN THE UNIFIED EXCHANGE BEGINS TRADING.

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