XN000022-1989-07-07 — Page 13

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LAND IN PANLING TO BE RESUMED

* *

FRIDAY, JULY 7, 1989

AND

ΤΟ

FOR

THE

THE GOVERNMENT IS TO RESUME LAND IN FANLING SITE FORMATION

MAKE SERVICING

WAY DEVELOPMENT OF A PUBLIC HOUSING

WORKS TO PROVIDE LAND FOR DISTRICT OPEN SPACES.

ESTATE, TWO SECONDARY SCHOOLS AND

LOTS

THE LAND TO BE RESUMED COMPRISES 111 PRIVATE AGRICULTURAL AND ONE MIXED BUILDING/AGRICULTURAL LOT NEARBY AREAS.

AT PAK FUK TSUEN AND ITS

IT COVERS A TOTAL AREA OF AGRICULTURAL LAND AND 40.5 SQUARE METRES OF BUILDING LAND.

ABOUT 53,870.5 SQUARE METRES OF

SITE FORMATION AND SERVICING WORKS AFTER THE EXPIRY OF THE THREE MONTHS' RESUMPTION NOTICE.

ARE EXPECTED TO COMMENCE

DETAILS OF THE RESUMPTION WERE PUBLISHED IN THE

(FRIDAY).

GAZETTE TODAY

CONTINUING DECLINE IN WINDINGS-UP, BANKRUPTCIES

*

NEW

PERSONAL WITH 87 MR NOEL

THERE WERE 74 NEW COMPULSORY WINDINGS-UP AND 86 BANKRUPTCIES IN THE FIRST SIX MONTHS OF THIS YEAR, COMPARED AND 144 IN THE SAME PERIOD LAST YEAR, THE REGISTRAR GENERAL, GLEESON, SAID TODAY (FRIDAY).

MR GLEESON SAID IT COULD BE SEEN, THEREFORE, THAT THE NEW INSOLVENCIES HAD DECREASED BY 20.40 PER CENT, AND REFLECTED A CONTINUING TREND SINCE 1986.

THERE HAD BEEN A 34.10 PER CENT DECREASE IN THE NUMBER INSOLVENCIES IN THE FIRST HALF OF LAST YEAR OVER THE SAME

1987.

RATE OF THIS HAD

OF NEW PERIOD OF

TOTAL DIVIDENDS DECLARAED BY THE OFFICIAL RECEIVER DURING THE FIRST HALF OF THIS YEAR AMOUNTED TO $88.60 MILLION IN 153 INSOLVENCIES, AS AGAINST $34.41 MILLION IN 233 INSOLVENCIES FOR THE CORRESPONDING PERIOD LAST YEAR.

THE

THE TOTAL NUMBER OF THE INSOLVENCIES BEING HANDLED BY OFFICIAL RECEIVER'S OFFICE AT THE END OF JUNE WAS 2,742, COMPRISING 1.420 COMPULSORY WINDINGS-UP AND 1,322 PERSONAL BANKRUPTCIES.

FUNDS ADMINISTERED BY THE OFFICIAL RECEIVER AT THE END OF JUNE TOTALLED $1,262 MILLION, A DECREASE OF 11.00 PER CENT AS AGAINST $1,418 MILLION AT THE END OF JUNE LAST YEAR,

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