XN000022-1996-02-14 — Page 14

12 -

Registered Trustees Incorporation Ordinance Order

Following is the speech by the Secretary for Financial Services, Mr Rafael Hui, in the motion on the Registered Trustees Incorporation Ordinance (Amendment of Second Schedule) Order 1996 in the Legislative Council today (Wednesday):

Mr President,

I move the second motion standing in my name on the Order Paper.

The reasons for this proposal are identical to those I have just outlined in moving the first motion except that the proposed revised fees in this case are in relation to inspection, certification and registration of documents, and related matters, under the Registered Trustees Incorporation Ordinance.

End

Thank you. Mr President.

Bankruptcy (Fees and Percentages)(Amendment) Order

Following is the speech by the Secretary for Financial Services, Mr Rafael Hui, in the motion of the Bankruptcy (Fees and Percentages)(Amendment) Order 1996 in the Legislative Council today (Wednesday):

Mr President.

I move the third motion standing in my name on the Order Paper.

The Bankruptcy (Fees and Percentages)(Amendment) Order 1996, and the next three motions that I am going to move namely the Bankruptcy (Amendment) Rules 1996, the Companies (Fees and Percentages)(Amendment) (No. 2) Order 1996, and the Companies (Winding-up)(Amendment) Rules 1996 were all made by the Chief Justice. These are to increase the fees payable to the Official Receiver's Office in relation to proceedings in bankruptcy under the Bankruptcy Ordinance and in the winding-up of companies under the Companics Ordinance.