XN000022-1990-03-20 — Page 5

TUESDAY, MARCH 20, 1990

11 QUESTIONS, SEVEN BILLS ON LEGCO AGENDA

THE

*

TOTAL OF 11 TOMORROW

MEMBERS OF

LEGISLATIVE COUNCIL WILL ASK A QUESTIONS AND CONSIDER SEVEN BILLS AT THE COUNCIL'S MEETING (WEDNESDAY).

FOUR BILLS WILL BE INTRODUCED FOR FIRST AND SECOND READINGS.

(NO.2)

THEY

BILL

ARE

THE 1990,

PRIVATE BILLS BILL

(AMENDMENT) (NO.2) COMPANIES EDUCATION (AMENDMENT) BILL 1990.

1990,

BANKING (AMENDMENT)

BILL

1990,

AND

SECOND READING

DEBATES ON THE

ACCREDITATION

BILL 1990 AND

OF PROTECTION

ELECTRICITY

NON-GOVERNMENT COUNCIL FOR

1989 WILL THROUGH THE

CERTIFICATES OF ORIGIN (AMENDMENT) BILL 1990, HONG KONG ACADEMIC

BILL

RESUME. WHEN THESE ARE COMPLETED, EACH BILL IS DUE TO GO COMMITTEE STAGE AND BE GIVEN A THIRD READING.

AND

MOTIONS UNDER THE CRIMINAL

IN ADDITION, THE CHIEF SECRETARY WILL MOVE TWO THE INTERPRETATION AND GENERAL CLAUSES ORDINANCE PROCEDURE ORDINANCE RESPECTIVELY, AND THE SECRETARY FOR TRANSPORT WILL

MOTION UNDER MOVE A

THE FIXED PENALTY (CRIMINAL ORDINANCE.

PROCEEDINGS)

DATE FIXED FOR HEARING OF WINDING-UP PETITIONS

THE REGISTRAR GENERAL, MR NOEL CLEESON, IN HIS CAPACITY AS

THE INSURANCE AUTHORITY, SAID THE COURT HAD YESTERDAY (MONDAY) FIXED APRIL 19, 1990 FOR THE FINAL HEARING OF THE AUTHORITY'S PETITIONS FOR THE WINDING-UP OF GRAND UNION LIFE ASSURANCE LIMITED AND HANG LUNG INSURANCE LIMITED.

IN THE MEANTIME, THE AFFAIRS OF BOTH COMPANIES CONTINUED TO BE MANAGED BY THE OFFICIAL RECEIVER AS PROVISIONAL LIQUIDATOR.

MR GLEESON ADDED THAT, PENDING THE OUTCOME OF THE FINAL HEARING, THE COURT APPROVED A PROVISIONAL AGREEMENT WHICH THE OFFICIAL RECEIVER HAD ENTERED INTO WITH A PROSPECTIVE BUYER FOR THE SALE OF THE TWO INSURANCE BUSINESSES.

THE OFFICIAL RECEIVER AND PROVISIONAL LIQUIDATOR WAS CONTINUING WITH THE NECESSARY ARRANGEMENTS FOR BRINGING THE SALE OF THE BUSINESSES TO A SATISFACTORY CONCLUSION, MR GLEESON SAID.

HE ADVISED POLICY HOLDERS OF BOTH COMPANIES THAT THEIR INTERESTS WERE BEST SERVED BY CONTINUING TO PAY THEIR PREMIUMS TO OFFICIAL RECEIVER SO AS TO KEEP THEIR POLICIES IN FORCE.

THE

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