489
Objects and Reasons.
This bill proposes to require all Fire and Marine Insurance Companies which carry on business in this Colony to make a deposit with the Registrar of Companies to the amount or value of $100,000. The object is to check the growth of mushroom companies which have no sound financial basis, As the subject is a technical one which affects the general public only indirectly it does not seem necessary to explain in detail the provisions of this measure. They can be seen in the bill itself and in the regulations in the schedule.
11th August, 1917.
A BILL
J. H. KEMP,
Attorney General.
INTITULED
An Ordinance to amend the Pension Ordi-
nance, 1862.
Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Pension Short title Amendment Ordinance, 1917, and shall be read and and con-
struction. construed as one with the Pension Ordinance, 1862, hereinafter called the principal Ordinance, and this Ordinance Ordinance and the said Ordinance may be cited to- 1862. gether as the Pension Ordinances, 1862 and 1917.
No. 2 of
2. Section 3 of the principal Ordinance is repealed Repeal of and the following section is substituted therefor :-- Ordinance
Retirement of judge or other officer
on attaining 55 years, or in case of
inability to discharge
his duties.
No. 2 of
and sub-
3. Subject to the approval of the Secre- 1862, s. 3, tary of State as regards officers appointed stitution under instructions from or through the of new Secretary of State, the Governor in Council section. may:-
(a) require any judge or other public officer to retire from the service at any time after he attains the age of fifty-five years; or
(6) require any judge or other public officer to retire from the service at any time if, in the opinion of Governor in Council, such judge or other public officer is unable from any cause to discharge offici- ently the duties of his office.
nance.
3. This Ordinance shall apply to every judge and to Application every other public officer, whether such judge or other of Ordi- public officer was appointed before the commencement of this Ordinance or shall be appointed hereafter, and notwithstanding anything to the contrary contained in the Interpretation Ordinance, 1911, or in any other Ordinance law or Ordinance whatsoever.
Objects and Reasons.
The object of this bill is to give the Governor in Council power to require any judge or other public officer to retire after he attains the age of 55 years, or to require any judge or other public officer to retire at any time on the ground of inability to discharge efficiently the duties of his office.
The bill is introduced in order to bring the law here into conformity with the law as it exists elsewhere.
15th May, 1917.
J. H. KEMP,
Attorney General,
No. 31 of 1911.
No comments yet.
Private notes are available after approval.