TNAG-1732-FCO40-2445-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 49

stet

n

cestoc e

the value

DE

the

assets

proper ty

under

section

276

of

the

Companies Ordinance. These assets can be

sold by the Official Receiver for the

purpose

of paying preferential

ordinary claims to employees.

and

Fifthly, section 224 of the Companies

Ordinance also provides for the Court to

arrest of any responsible

le.

order

the

person of

company who has absconded

Or

is about to leave Hong Kong to evade

payment of personal debts due to the

company

or

of avoiding examination

respecting the affairs of the company.

Sir,

to

be

these provisions appear

reasonably adequate but we will continue to discuss

with the

departments

concerned

whether there are any

other ways in which we can improve the situation.

Meanwhile

the

Labour

Department's

conciliation

officers will do all they can to help any workers

facing problems of this sort.

>