TNAG-2728-FCO40-3934-Hong-Kong-elections-proposed-functional-constituencies-1993 — Page 60

G.F. 316

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3

Insurance FC

(Note: Insurers now form part of the electorate of the

existing Financial Services FC.)

Altogether only 229 authorized insurers (all

corporations) in Hong Kong. Thus, even if they all join the FC and assuming that voting right is

given to directors of member companies, the

electorate would still be very small (1380,

assuming that on average each company has six

directors.) (At present, 200 authorized insurers

registered electors of the Financial Services

are

B57-2079w

FC.)

The

Financial Services FC is already very small

(eligible electorate: 1,160, registered: 668;

mixture of corporate and individual electors.)

Splitting insurance from it would therefore create

two even smaller FCS (Insurance: 230 electors,

Services: 930 electors). Definitely a

Financial

retrograde step. The proposal therefore goes against the guideline that FCs should be

substantial.

If,

notwithstanding its

small franchise, we were

Insurance FC, this

to proceed to establish an

could well lead to demands by other small sectors

now subsumed under existing FCs to have FCs of

their own.

[Examples: Dentists (eligible

electors: 1450) in the Medical FC (6,802), or

deposit-taking companies (144) in the Finance FC (373)] Where will such demands and arguments lead

us to?

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