Ch. 31. No. 19.] Assurance Companies.

to such an appointment being made, the Registrar General
may apply to the Court for leav ¢ to make such an appoint-
ment, and the Court shall grant leave unless it is satistied
by the company that such an appointment cannot reasonably
be required for the purpose aforesaid, and on leave being

granted the Registrar General may make such an appoint-
ment.

(5) Where an appointment is made under this section,
the provisions of subsections (3), (4) and (5) of section 133
of the Companies Ordinance shall apply with respeet to an
Inspector appointed under this section in ke manner as
they apply to an inspector appointed under that section,
and anv such refusal as is, or might be, made the ground
of the punishment of an officer or agel nt of the ¢ company
under the caid subsection (5) shall also be a ground upon
which the company may, on the petition of the Registrar
General presented by leave of the Court, be wound up by
the Court in accordance with the provisions of the Com-
panies Ordinance.

(6) The expenses of and incidental to an investigation
carried out by an inspector appointed under this section
shall be defrayed by the Registrar General:
Provided that
(a) where the Court) grants leave to make an
appointment, the Court may, if it thinks fit, direct the
company to repay to the Registrar General the whole or
anv part of the ‘aid expenses; and
(6) if an order for the winding up of the company
by the Court is made at any time within twelve months
from the date on which the report of the inspector is
made to the Registrar General, or, if more than one
report is so made, from the date when the first report
is so made, the said expenses shall be deemed, for the
purposes of the Companies Ordinance, to be expenses
properly incurred in the winding up and the amount
thereof, after deducting any sum repaid to the Registrar
General pursuant to a direction given by the Court
under the foregoing paragraph, shall be paid out of the
assets of the company part passu with the taxed costs
of the petition.

(7) All sums received by the Registrar General under