TNAG-1995-FCO40-2842-Drug-trafficking-in-Hong-Kong-1989 — Page 77

the Governor in Council.

Clause 33 makes a consequential amendment

to the Bankruptcy Ordinance (Cap. 6).

7. The Bill will require additional staff which is estimated

to cost $21 million in the first year of implementation and

approximately $28 million in 1991/92 and thereafter. In addition, a

further amount is likely to be required for the appointment of public

accountants in private practice to assist in investigations and to

act as receivers under the restraint and confiscation orders. This

amount is estimated to be around $10 million per year. It is not

possible to forecast the revenue that will accrue from proceeds

recovered, but it could be substantial.