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No.. 7 FEBRUARY 18, 1970 Published every Wednesday
¡B bug, Soul aet, boucÍ ANKS
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Y DECISION-MAKING
2TAUTHORITY______ URGED FOR HK
The Chairman of the Federation of Hongkong Indus- tries, Dr the Ilon S. Ya Chung, last week advocated that the Hongkong : Government be given, full authority to make decisions on interval matters.,,.
With such
kong "can
་་་
Dr authority,
Chung firmly believed, Hong- 'adopt・・ measures which, in our opinion, are in the overall interests of your community."
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At present,' he said, it ap peared that Hongkong" was "neither fish, flesh nor fowl"} Insofar as its relations with! the United Kingdom were concerned' a highly un satisfactory state of affairs.¦
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Ono *. cnso in point won the Industrial Development (Ships) Act recently enacted in Parliament. This Act, họ said, was a double-blow to Hongkong's shipbuilding and repairing industry,
Jet Debate
1.
I ments when he spoke during the debate on the Employment (Amendment) No. 2 Bill in the Legislative Counell,
Ho criticised the Commis- sioner of Labour, the Hon R. M. Hetherington, for refusing to allow women to work night shifts.
New Airport taxis
taxi company in Hong- konk has ordered London taxis to meet Kai Tak Airport requirements, 167:
1
10.7
HK & Far Eas dividend
i.
The Directors of Hongkon Far Eastern Investment C' td announced last week a Interim dividend of 254, f SĮ the year ending June 30, wi be paid on March 6.
This is the sake rato 1st year but is being paild the issued share a quo Increased by the 110 Srch 9'
bonus issue of shares last September.
mad
Lustry 0 that,
valuevelopm
They said February 3, net asset of the
company's share based on the market value its Investment on that date was $15.54 a share.
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U.S. NEWSLETTER Հա
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'Business International, the influential / United Sintos7€! top-maungement weekly newsletter' and consultanes forvice based in New York, is establishing a new Jubaldlary, Buxinens, Akjo, which will be "based, Ir Hongkong.
Disclosing thin last week, It's Hongkong correspondent nid this followed a visit Into Chair- flast year by the BI iman, Mr Eldridge Haynes, and the Tokyo Resident Re- AL- presentative, Mr Robert ford. !
The present 'BI Editor in
Mr Hetherington, he said,New York, Mr Kenneth D. already had the power to let women work at night but was
reluctant to exercise it be cause of "certain restrictions imposed by Whitehall.
"Therefore, when it comes to internal affairs, we are
Gott, had been appointed BA Hongkong in April to make Editor and would be visiting preliminary arrangements for stablishment of A head- quarters, which would be
remotely controlled by Lon-perating by October.
don and cannot decide for
ourselves," Dr Chung said.
The Bill, Dr Chung noted, would give four guaranteed holidays
to every month workers in and out of indus- try. Employers would have difficulty in adjusting to it, 'ho claimed, l lima bú
Group
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Business Asia would bo the fourth newsletter in the jgroup, I having previously entablinhoti Businema Europe, based on Genova, and Think-
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