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Research is also carried out to better guide these various approaches and programmes. Playing an important co-ordinating role in this multifaceted approach is the Action Committee Against Narcotics, supported by the Narcotics Division of the Security Branch.

We recognise that the seriousness of the drug problem, particularly as it affects the young, is such that we need to redouble our anti-drugs effort. The Government will, of course, play its part, but we need the support and participation of non-Government organisations, teachers, parents and indeed the community as a whole. In order to highlight the need for a concerted effort, and to tap the ideas of all concerned, the Governor will chair a Summit Meeting on Drugs on March 6, 1995. We hope that this will produce worthwhile ideas, which will be followed through.

End/Wednesday, February 22, 1995

Companies apply to carry on insurance business

Following is a question by Dr the Hon Huang Chen-ya and a written reply by the acting Secretary for Financial Services, Mrs Lessie Wei, in the Legislative Council today (Wednesday):

Question:

1

(a)

Arvada.

How many companies have applied for authorisation to carry on insurance business in the past three years?

(b)

How many applications have been approved; how many have been rejected and what are the reasons for rejection?

Reply:

(a)

Ten companies have applied for authorisation to carry on insurance business in the years 1992, 1993 and 1994. The number of applications in each of the three years was three, four and three respectively.