XN000022-1992-04-22 — Page 7

WEDNESDAY, APRIL 22, 1992

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ΤΟ

"IN ORDER TO ENSURE A MORE EVEN FLOW OF ANNUAL RETURNS, THE STANDING COMMITTEE RECOMMENDED THAT SECTION 109 SHOULD BE AMENDED REQUIRE EVERY PRIVATE COMPANY TO FILE ITS ANNUAL RETURN WITHIN 28 DAYS OF THE ANNIVERSARY OF THE DATE OF ITS INCORPORATION,

" HE SAID.

SECTION 157E AND 157F OF THE COMPANIES ORDINANCE CONTAIN PROVISIONS RELATING TO THE DISQUALIFICATION OF COMPANY DIRECTORS.

HOWEVER, NO APPLICATION FOR DISQUALIFICATION SINCE THE INTRODUCTION OF THESE SECTIONS IN 1984.

HAS BEEN MADE

"AFTER CONSULTATION WITH RELEVANT ORGANISATIONS, THE STANDING COMMITTEE RECOMMENDED THAT THESE SECTIONS SHOULD BE REPEALED AND REPLACED BY NEW LEGISLATION BASED ON THE U.K. COMPANY DISQUALIFICATION ACT 1986, THE PROVISIONS OF WHICH ARE CONSIDERABLY WIDER IN SCOPE AND INTRODUCED NEW GROUNDS FOR APPLICATIONS TO THE COURT FOR A DISQUALIFICATION ORDER, THE SPOKESMAN SAID.

THE SAID.

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"CERTAIN OTHER ISSUES EXAMINED BY THE STANDING COMMITTEE DURING COURSE OF THE YEAR ARE STILL UNDER CONSIDERATION," THE SPOKESMAN

THE SPOKESMAN ADVISED MEMBERS OF THE PUBLIC WHO WISH TO OBTAIN . A COPY OF THE STANDING COMMITTEE'S REPORT TO WRITE TO THE SECRETARY TO THE STANDING COMMITTEE ON COMPANY LAW REFORM, REGISTRAR GENERAL'S DEPARTMENT, COMMERCIAL DIVISION, 12TH FLOOR, QUEENSWAY GOVERNMENT OFFICES, 66 QUEENSWAY, HONG KONG.

"MEMBERS OF THE PUBLIC WHO ARE INTERESTED IN THE SUBJECTS COVERED BY THE COMMITTEE'S REPORT ARE INVITED TO SUBMIT THEIR COMMENTS IN WRITING то THE SECRETARY FOR MONETARY AFFAIRS, 1802 ADMIRALTY CENTRE, TOWER I, 18 HARCOURT ROAD, HONG KONG NO LATER THAN JUNE 22, 1992," HE ADDED.

0

THREE LOTS IN NEW TERRITORIES TO LET BY TENDER

* * * *

THE

THE BUILDINGS AND LANDS DEPARTMENT 18 INVITING TENDERS FOR SHORT-TERM TENANCIES ON THREE PIECES OF GOVERNMENT LAND IN THE NEW TERRITORIES.

THE FIRST SITE, AT MA ON SHAN ROAD, ARBA 92, MA ON SHAN, TIN, HAS AN AREA OF ABOUT 1.15 HECTARES.

SHA

IT IS INTENDED FOR A FEE-PAYING PUBLIC VEHICLE PARK FOR PRIVATE CARS, LIGHT VANS, LORRIES, BUSES AND TRACTORS LICENSED UNDER THE ROAD TRAFFIC ORDINANCE (EXCLUDING CONTAINERS AND TRAILERS).

THE TENANCY IS FOR 21 MONTHS AND QUARTERLY THEREAFTER.

THE SECOND SITE, AT AREA 39, TUEN MUN, HAS

AN

AREA OF

ABOUT

3,000 SQUARE METRES.

/IT IS