CONFIDENTIAL #2
7
(ii) On disclosure of shareholdings,
the Securities Commission has considered the third alternative suggested by ESB and the consultative document on this subject issued by DoT, but has reiterated its original
To resubmit the Securities
Commission's original recommendation on
disclosure to ExC
11.
Insurance
To rationalise
(i)
legislation.
insurance legislation.
Agriculture and Fisheries
12. Rabies
control.
recommendation that full
disclosure be required.
A
draft ExCo memorandum is now being finalized.
Interim legislation in the form of the Life Insurance Companies (Amendment) Ordinance and the Fire and Marine Insurance Companies Deposit (Amendment) Ordinance was enacted on 8th January 1981.
(ii) Work on the comprehensive Bill
continuing. It is hoped that
a 2nd draft of the Bill will be released soon for consultation with the industry.
Action completed. Supervision of compliance with new requirements will be carried
General's
CONFIDENTIAL #
by the Registrarz Department.
To continue work on the Bill.
To control rabies and eradicate it from Hong Kong.
(i) Since the outbreak of rabies in
Hong Kong, fifteen cases, involving two human deaths, have been confirmed. Five infected areas, stretching from Kat O Island and Plover Cove in the northeast to Tai Lam Chung
To attempt to contain the disease in the
existing infected
areas.
GF 323
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