XN000022-1992-11-20 — Page 12

FRIDAY, NOVEMBER 20, 1992

11

FEES REVISED FOR AUTHORISED INSURERS

THE REVISED SCALE OF FEES PAYABLE BY AUTHORISED INSURERS UPON AUTHORISATION AND ANNUALLY THEREAFTER WAS GAZETTED TODAY (FRIDAY).

A GOVERNMENT SPOKESMAN SAID THE INSURANCE COMPANIES (AUTHORISATION AND ANNUAL FEE) REGULATION PRESCRIBING THE FEES BECAME EFFECTIVE TODAY.

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"UNDER THE REGULATION, SEPARATE FEES WILL BECOME PAYABLE BY INSURERS ACCORDING TO THEIR CLASS OR CLASSES OF INSURANCE BUSINESS, HE SAID.

THE AUTHORISATION FEE AND ANNUAL FEE PAYABLE BY AN INSURER CARRYING ON EITHER LONG-TERM OR GENERAL INSURANCE BUSINESS IS $50,000.

THE FEE FOR AN INSURER CARRYING ON BOTH FORMS OF BUSINESS IS

$100,000.

THE FEES WERE LAST REVISED IN JUNE 1989.

"IT IS APPROPRIATE THAT THE ANNUAL FEES SHOULD BE ADJUSTED TO REFLECT THE INCREASED COSTS OF SUPERVISION BY THE OFFICE OF THE COMMISSIONER OF INSURANCE, THE SPOKESMAN SAID.

NEW FEES FOR UK PASSPORTS

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THE IMMIGRATION DEPARTMENT ANNOUNCED TODAY (FRIDAY) THAT AS ADVISED BY THE FOREIGN AND COMMONWEALTH OFFICE, FEES FOR UNITED KINGDOM PASSPORTS INCLUDING BRITISH NATIONAL (OVERSEAS) PASSPORTS, AND RELATED SERVICES WILL BE REVISED FROM SUNDAY (NOVEMBER 22).

THE NEW FEES WILL BE:

TYPES OF APPLICATION

POUND STERLING

HK$

* UNITED KINGDOM PASSPORT OF NOT

MORE THAN 32 PAGES

18 (15)

$214 ($198)

* BRITISH NATIONAL (OVERSEAS) PASSPORT

OF NOT MORE THAN 32 PAGES

18 (15)

$214 ($198)

* UNITED KINGDOM PASSPORT OF 48 PAGES

27 (22.5)

* BRITISH NATIONAL (OVERSEAS) PASSPORT

OF 48 PAGES

27 (22.5)

$321 ($297)

$321 ($297)

* AN AMENDMENT OF AN EXISTING UNITED

KINGDOM/BRITISH NATIONAL (OVERSEAS) PASSPORT BY ADDING THE PARTICULARS OF A CHILD OR CHILDREN

5 (4)

$59 ($53)

/* AN AMENDMENT