TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 379

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4.

However, there is no room for

complacency. Given the opportunities

presented by a year of recovery the

Commissioner has undertaken a critical

appraisal of the Corporation's activities

and of the nature and level of risks assumed

in recent years. As a result he has drawn

up a three-year plan containing financial

objectives and measures to secure them which,

if achieved, will restore the Corporation to

a better state of financial health. This plan

has received the benefit of the advice of the

Corporation's Advisory Board, and is now being

implemented.

5.

I am pleased to add that reinsurance

cover, which was lost to the Corporation since

September 1983, and which played a vital part

in reducing its losses, has now been freshly

acquired.

16.