}
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716
THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 28, 1917,
Regulations.
False state- ments, and documents.
9 Edw. 7, c. 49, s 24,
audit or
(e) if the insurance company is not a corporate body, by the three principal officers of the in- surance company.
(4.) If any question arises as to whether any particular. persons come within the descriptions referred to in sub- section (3) of this section, it shall be lawful for the Registrar of Companies to direct by what persons, the copies to be filed shall be signed..
(5.) With every account and balance sheet so filed there shall be filed with the Registrar of Companies a copy of every report on the affairs of the insurance company sub- mitted to the shareholders or policy holders of the insurance company in respect of the financial year to which such account or balance sheet relates, and a copy of every report or letter which is referred to in any auditor's certificate: appearing on any account or balance sheet so filed, and every, such copy so filed shall be signed in the same manner as is provided in the case of accounts and balance sheets by sub-section (3) of this section.
7.—(1.). It shall be lawful for the 'Governor in Council to make regulations prescribing :-
(a) the manner in which, and the conditions under which, deposits shall be made, maintained, substituted, transferred, withdrawn, or made. available for the liabilities of the insurance company
(b) the manner of dealing with deposits generally; (c) the nature of the securities to be accepted, and the manner of valuation of securities deposited or proposed to be deposited;
(d) the filing of statements and other documents by insurance companies, the auditing of the accounts of insurance companies, and the actuarial examination of the assets and liabili ties and financial 'condition of insurance com- panies; and
(e) the fees to be payable in respect of acts done or documents filed or registered under this Ordinance.
(2.) The regulations contained in the First Schedule to this Ordinance shall be in force until rescinded or amended.
8. If any statement or other document required under this Ordinance is false in any particular to the knowledge of any person who signs it, or who files it or publishes it in any other manner, that person shall be guilty of a misdemeanour and 'be liable upon conviction on indictment to fine and imprisonment or upon summary conviction to a fine not exceeding five hundred dollars.
9. If any audit or actuarial examination is ordered or Obstructing
prescribed under this Ordinance, and any director, manager, examination, secretary, or other officer or agent of the insurance com- pany fails to produce to the auditor or examiner on demand any account book or other document relating to the insurance company which it is in his power to produce or procure, or obstructs such audit or examination in any other way, he shall be guilty of a misdemeanour and shall be liable upon conviction on indictment to fine and impri- sonment or upon summary conviction to a fine not exceeding five hundred dollars.
Penalties for
non-com-
Ordinance.
9 Edw. 7, c. 49, s. 23.
10. Every insurance company which makes default in complying with any of the requirements of this Ordinance, pliance with shall be liable to a penalty not exceeding one thousand dollars, or, in the case of a continuing default, to a penalty not exceeding five hundred dollars for every day during which the default continues, and every director, manager, or secretary, or other officer or agent of the insurance company, who is knowingly a party to the default shall be liable to a like penalty; and, in the case of an insurance company registered or existing under the Companies Or- dinances, 1911-1915, if default continue for a period of three months after notice of default by the Registrar of Companies (which notice shall be published in one or more newspapers as the Registrar of Companies may, upon the
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